The night South Korea declared martial law last month, the traffic on crypto exchanges increased tenfold, with a peak of 1.1 million people online at the same time

Data provided by the office of Yoon Suk-yeol, a member of the Democratic Party of Korea (DPK), showed that on December 3, 2024, when South Korean President Yoon Seok-yeol declared a state of emergency, the number of users of virtual asset exchanges surged, with the number of people online at the same time increasing by more than 10 times. The Financial Supervisory Service's findings showed that the number of people online at the same time on major exchanges on that day reached as high as 11 times the usual number. The number of people online at the same time on major exchanges is usually about 50,000 to 100,000, and after the state of emergency, the number increased to 500,000 to 1.1 million. The FSC completed an inspection of access failures at various crypto exchanges during martial law and recommended that exchanges strengthen their response capabilities. First, it ordered to expand the performance of the system by adding more servers. For example, changing the system infrastructure and redesigning the process. It also recommended improving the emergency response plan (BCP) to ensure sufficient system resilience. In order to respond to emergencies caused by a surge in won deposit and withdrawal requests, it is necessary to improve hotline communication channels and consultation procedures with banks. (Money Today)