South Korea Orders 5-Minute Reconciliation for Crypto Exchanges After $56B Bithumb Error
South Korea’s Financial Services Commission has ordered all cryptocurrency exchanges to implement near real-time asset reconciliation and submit to monthly external audits. Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!). The directive follows a February operational failure at Bithumb that briefly sent $56 billion worth of bitcoin to hundreds…