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As the world's third-largest cryptocurrency exchange went bankrupt, financial markets around the world are paying attention to the aftermath.

Concerns about whether domestic exchanges are okay are also growing.



Reporter Kim Jeong-woo checked whether there was a proper safety device.



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Analysts say that the FTX bankruptcy, the world's third largest cryptocurrency exchange, resembles a traditional financial scam before the cryptocurrency problem.



They made all sorts of high-risk investments by secretly withdrawing more than 10 trillion won from the money entrusted to them by customers, but no one was able to catch them.



We too have this risk.



Under the current law, virtual currency exchanges are only required to keep the money entrusted by customers and the assets of the exchange.



However, it did not stipulate who should supervise the process and how.



There are bound to be blind spots.



Although there is a bill in the National Assembly that'customer money must be left separately to institutions with public trust such as banks', discussions are not taking place properly.



In particular, it is pointed out that the so-called DeFi service that lends virtual currency or money with virtual currency as collateral is dangerous.



It is a kind of banking business, but there is no institution that supervises whether the virtual currency entrusted by customers is well stored and whether the operation is transparent.



[Hong Ki-Hoon/Professor of Hongik University Business School: I don't know what the collateral was, but I'm lending money.

Then, when the value of this collateral drops, the same problems arise.

Even in Korea, these DeFi companies are often not subject to the Special Financial Transactions Act.]



Even after the FTX incident, domestic exchanges are managing their customers' money well, so they are sticking to their position to trust and leave it to them.



However, as a consensus has been formed that it is not possible to properly supervise if it is left to private autonomy, it seems that the opposition parties will speed up the processing of the investor protection bill.



(Video editing: Park Ki-deok, VJ: Park Hyun-woo)