Korean Crypto Exchange Suffers Outage During Bitcoin Cash Surge

(Bloomberg) — Bithumb, one of the world’s most heavily trafficked bitcoin exchanges, is getting heat from customers who were unable to make transactions after its server went down over the weekend.

For about two hours on Sunday, users of the Seoul-based exchange couldn’t make withdrawals and deposits after a sudden surge in usage caused a server connection failure, Bithumb said on its website. Trading volume was about 800 percent higher than the October average as prices in some virtual coins experienced wild fluctuations.

The Korean exchange specifically pointed to bitcoin’s lesser-known cousin, bitcoin cash, as the culprit. It’s soared in recent days after key members of the cryptocurrency community decided to call off a software upgrade to bitcoin’s blockchain, leading some investors to rotate into different digital coins…

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