South Korea has quickly become the biggest region for cryptocurrency trading. Unlike China, South Korea is open-minded when it comes to cryptocurrencies in general. Bithumb, one of the biggest local exchanges to date, is getting so big they need police protection. More specifically, their headquarter is under protection as customers aren’t happy about the recent outage. It is evident exchanges are a weak point in the world of cryptocurrency, and a crappy infrastructure will cause outrage.
Things have been pretty difficult for Bithumb as of late. The company dealt with a major server outage a few days ago. A few users got so annoyed they filed a class action lawsuit. For a ninety-minute outage, most people wouldn’t even go to such lengths. Then again, the outage costs traders several million dollars. It is evident things will need to be improved in this regard. Several exchanges struggle to remain online these days, especially during times of intense trading volume. Bithumb is, sadly, not an exception in this regard…
Source: South Korean Exchange Bithumb Faces Major Lawsuit due to Server Outage
