South Korean Crypto Exchanges Form Joint Response Council to Avoid Repeat of LUNA ‘Incident’
Some traders are thought to have paid rock-bottom prices for LUNA coins on international platforms before selling at prices as high as USD 0.43 on domestic exchanges that were still in the process of ending LUNA support.
The exchanges, which are the only trading platforms in the country that have fiat KRW trading licenses, were hauled before lawmakers to answer for their failure to coordinate a response last week - and have since responded with a joint announcement. Before the creation of the council, each exchange relied exclusively on the operations of its listing/delisting board, which considers the case for adding support for coins.
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