The Bank of Korea suggests considering introducing a circuit breaker mechanism in the cryptocurrency industry to prevent incidents like Bithumb's accidental Bitcoin distribution.

CoinFeed reported on April 13th, citing News1, that the Bank of Korea, in its annual payment and settlement report, stated that to prevent a recurrence of incidents like Bithumb's erroneous distribution of trillions of won worth of Bitcoin, it should consider introducing a circuit breaker mechanism similar to that in the securities market into the cryptocurrency industry. The Bank of Korea's analysis suggests that the core reason for the Bithumb incident was the lack of internal control mechanisms: employees could distribute digital assets without superior approval, and the internal ledger and blockchain wallet balances were only reconciled once a day, creating structural vulnerabilities. The Bank of Korea recommends establishing a double-confirmation system to achieve real-time automatic reconciliation of the ledger and on-chain balances, and developing an IT system capable of blocking abnormal transactions.