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Top crypto exchanges in South Korea team up to prevent another Terra type collapse

Upbit, Bithumb, Coinone, Korbit, and Gopax, South Korea’s top five crypto exchanges, plan to create a consultative body whose goal is to prevent the recurrence of a token collapse similar to the crash of the $60 billion Terra ecosystem.

Gangnam, Seoul / Image by: Wikimedia Commons

Wed, 15 Jun 2022, 08:23 am UTC

The collapse of the $60 billion Terra ecosystem sent shockwaves across the entire crypto industry, which has been declining since the year started. A few of South Korea’s top crypto exchanges are now joining hands to make sure that such type of token collapse won’t repeat in the future.

Upbit, Bithumb, Coinone, Korbit, and Gopax, South Korea’s top five crypto exchanges, plan to create a consultative body whose goal is to prevent the recurrence of a token collapse similar to the crash of the $60 billion Terra ecosystem, local media Yonhap News reported. The organization plans to achieve its goal by improving the regulatory standards in the space and creating a channel of communication where affected investors and companies can air their concerns.

The decision by the five crypto exchanges comes a few weeks after they were criticized for their seeming indifference to the collapse of the UST stablecoin and LUNA crypto, which might have added confusion among affected investors. The exchanges announced their plan at the party-government meeting held at the National Assembly on June 13.

Members of the consultative body will be composed of the CEOs of the five exchanges and related working groups. The organization will be divided into three areas such as transaction support, market monitoring, and compliance monitoring.

The body plans to introduce a virtual currency warning system and delisting standards by September this year. Companies will be required to provide information on cryptos such as evaluation reports and white papers.

By October, the organization expects to come up with guidelines for listing screening as well as a policy to periodically evaluate potential risks related to cryptos. The new listing guidelines will include evaluation for any signs of a Ponzi scheme.

By January next year, the consultative body will impose a new requirement for new investors. First time cryto investors will be required to complete an educational video before they are allowed to invest in digital currencies.

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You can also contact them for the service below

* Western Union/MoneyGram Transfer

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  • patrickwilliams
  • 2022.06.19 10:30:35
Good day everyone on this site reading this testimony, I have been playing the lottery for the past 8years, and had not been able to win I was so upset and worried all day and night looking for who will help me to win the lottery, because buying the ticket not winning losing money get me angry, i was almost giving up until no other option going browsing online when I found a website It was there I came across a comment on the blogs about a powerful spell caster called Dr Kachi who helps so many people to achieve their goals with the lucky winning numbers to win the lotteries. I contacted him also and told him I want to win a lottery, Dr Kachi cast the winning numbers for me which I used to play and when I took the ticket and checked the winning numbers online. When I realized I’d matched all five numbers I was not at first believe, I thought my eyes were playing tricks on me, it was when i getting the message, I won the jackpot $128,166.00 million dollars, I'm a proud winners I want you, my friends who are passing through to win lottery games, contact [email protected] his WhatsApp number:+1 (570) 775-3362 visit his website: https://drkachispellcast.wixsite.com/my-site
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  • patrickwilliams
  • 2022.06.19 10:24:55
Good day everyone on this site reading this testimony, I have been playing the lottery for the past 8years, and had not been able to win I was so upset and worried all day and night looking for who will help me to win the lottery, because buying the ticket not winning losing money get me angry, i was almost giving up until no other option going browsing online when I found a website It was there I came across a comment on the blogs about a powerful spell caster called Dr Kachi who helps so many people to achieve their goals with the lucky winning numbers to win the lotteries. I contacted him also and told him I want to win a lottery, Dr Kachi cast the winning numbers for me which I used to play and when I took the ticket and checked the winning numbers online. When I realized I’d matched all five numbers I was not at first believe, I thought my eyes were playing tricks on me, it was when i getting the message, I won the jackpot $128,166.00 million dollars, I'm a proud winners I want you, my friends who are passing through to win lottery games, contact [email protected] his WhatsApp number:+1 (570) 775-3362 visit his website: https://drkachispellcast.wixsite.com/my-site
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  • ellu
  • 2022.06.19 10:19:37
cryptocurrency recovery service?
Have you been target of cryptocurrency scam?speak to a consultant to find out if your stolen bitcoin recovered
Bitcoins have been in the news for over a decade, even the scams surrounding them. Whenever a person loses his money, he ends up sad, dejected, and despairing. Rarely does he know that there is always a way out to recover your money, and the best amongst them is to take the help of a good fund recovery firm instead of report the bitcoin scam to the FBI authorities.

Being pioneers in fund recovery for over a decade,info at (Darktracer.digital) [email protected] has successfully recovered funds from all types of scams happening globally. Be it CRYPTOCURRENCY SCAM , BINARY OPTION SCAMS or any investment scams, our team of expert attorneys and bankers worldwide have successfully recovered over 15 million dollars as of now. Do send us a consultation mail with your query, and we will get back to you at the earliest.( darktracer.digital)

Million of crypto currency investors have been scammed out of massive sums of real money. In 2020, losses from cryptocurrency-related crimes amounted to US $1.7 billion.The criminals use both old-fashioned and new-technology tactics to swindle their marks in schemes based on digital currencies exchanged through online databases called blockchains. From researching blockchain, cryptocurrency and cyber crime, I can see that some cryptocurrency fraudsters rely on tried and true ponzi scheme that use income from new participants to pay out returns to earlier investors. Others use highly automated and sophisticated process, including automated software that interacts with Telegram, an internet-based instant-messaging system popular among people interested in cryptocurrencies. Even when a cryptocurrency plan is legitimate, fraudsters can still manipulate its price in the marketplace
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  • ellu
  • 2022.06.18 22:38:45
Of course, the key with any investment is to buy low and sell high. Crypto investor [email protected] has done his own analysis on the recent highs and lows of Bitcoin, and sees lows of $17,000, $14,000 and at $11,000. He stresses that these are his own opinions based on previous bounces. “The equities market is going to have a big impact overall on what Bitcoin will do,” he cautions.

“It’s going to be years from now, hopefully in the next decade, where we see Bitcoin break away from the equities market,” he said. Buying the bottom is easier said than done, especially with a volatile asset like Bitcoin. But he, like The Moneyist, is not giving financial advice, or telling you to buy at any level. When it comes to crypto, like any investment, it’s every man and every woman for himself and herself.
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  • patrickwilliams
  • 2022.06.18 16:24:59
Good day everyone on this site reading this testimony, I have been playing the lottery for the past 8years, and had not been able to win I was so upset and worried all day and night looking for who will help me to win the lottery, because buying the ticket not winning losing money get me angry, i was almost giving up until no other option going browsing online when I found a website It was there I came across a comment on the blogs about a powerful spell caster called Dr Kachi who helps so many people to achieve their goals with the lucky winning numbers to win the lotteries. I contacted him also and told him I want to win a lottery, Dr Kachi cast the winning numbers for me which I used to play and when I took the ticket and checked the winning numbers online. When I realized I’d matched all five numbers I was not at first believe, I thought my eyes were playing tricks on me, it was when i getting the message, I won the jackpot $128,166.00 million dollars, I'm a proud winners I want you, my friends who are passing through to win lottery games, contact [email protected] his WhatsApp number:+1 (570) 775-3362 visit his website: https://drkachispellcast.wixsite.com/my-site
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  • Elizabeth
  • 2022.06.16 10:53:21
it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to ONE STANDARD FINANCE and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Onestandardfinance at counsellor com All thanks to them....
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  • Elizabeth
  • 2022.06.16 10:52:55
it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000. I read an article on (reddit) as regards to a recovery expert and genius so I reached out to ONE STANDARD FINANCE and to my surprise I got all bitcoins recovered within 24hours frame. I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Onestandardfinance at counsellor com All thanks to them....
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  • firmwarehacks
  • 2022.06.16 02:39:38
⚠️CRYPTO TRADING SCAM ALERT⚠️

❌ Crypro Trading, Forex Trading, Stock Trading and their likes are a means of making money but it’s more like gambling. There are no sure means to guarantee that a person could make profit with them and that’s why it can also be reasoned to be scam. Let’s not forget that some individuals even give you ? % guarantee of making profits and end up running away with your money.

❌ You might have also come across some individuals that say they will give you guarantee on successful trades but they only end up as SCAMMERS as well. You here them say stuffs like 200% guaranteed in just 2 weeks and when you go into trade with them, they start telling you to pay profits percentage before you can get your income. These are all liars please avoid them. But if you have been a victim of this guys, then you should contact FIRMWARE now‼️

The internet today is full of Recovery Scam, you see so much testimonies been shared about how a firm or Company helped them recover what they lost to this Trading, but believe it, it’s just a way to lure more people and end up scamming them.


✳️The big Question is “Can someone Recover their money lost to Binary Option and Scam⁉️
I will say yes, and will tell you how.

The only way to Recovery your money back is by hiring HACKERS to help you break into the Firms Database Security System using the information you provide them with, Extract your file and get back your money. It seems like a really impossible thing to do, I will tell you, it should be impossible, but with the use of specially designed softwares known to HACKERS and Authorities (such as The FBI, CIA e.t.c) it is possible and the only way to recover your money.

✅FIRMWARE are a group of hackers who use their hacking skill to hunt down SCAMMERS and help individuals recovery their money from Internet SCAMMERS.
We just need the contact details of the SCAMMERS and Paymnet Info and within 4-8 hours your money will be return to you.

This are services we offer-:
?Crypto scam money recovery
?lost loan money recovery
?money laundry recovery
?Device hack
?Bank issues
?Access to school/company/fellowship/organization files
?Lost cars tracking
?fraud payment
?Access to cheating husband/wife device
?extending and subtracting of stamped file concerning a giving end line period of time
?tracing and recovering lost emails/conversations/contacts / and accessories
ETC


✳️ You can contact us via the emails below-:
[email protected]
[email protected]
FIRMWARE HACKERS ©️
2022 All right reserved ®️
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  • COINMASTER2022
  • 2022.06.15 23:43:44
Hello Everyone!!!!Please Beware of Bitcoin Or INVESTMENT Scam, Bitcoin MINING Scam, HACKED OR STOLEN Bitcoin, IF You Need An Expert To Hire for Retrieval of all or part of what you lost in Cryptocurrency { PAY BACK REFUND} DOT COM is the right Recovery Expert That's highly Professional . I've Ever Worked With BY EMAILING ;- ”REFUND PAYBACK (AT) G (M)( COME”. He Successfully Recovered 1. 6 Million USDT I know of & They Refunded me of 2.0158 Bitcoin I Lost To Westex Trade Investment .To HIRE Anyone at all ,He Is Just The Best, He Takes Charges Only After The Job IS Done As a Guaranty Contact Below
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More
  • Bitcoin (btc) $21,308.00 (+0.42%)
  • Ethereum (eth) $1,229.34 (+1.89%)
  • USD Coin (usdc) $1.00 (+0.02%)
  • BNB (bnb) $238.42 (+0.88%)
  • XRP (xrp) $0.366718 (+1.47%)
  • Bitcoin (btc) $21,308.00 (+0.42%)
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Jul 12, 2021 (Monday)
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