[Korean Exclusive News]
Author: Shin Yi Jin, South Korea
A South Korean exchange, Coinlink, suffered a server-down on its website within just 10 days of its official beta service launch.
On 1st June, the website experienced a server-down due to a flood of trading after they listed a new coin, ‘Aston (AST)’. The temporary server error has been caused by the inflow of investors with the new listing as well as the high trading volume from the existing users to participate in the planned airdrop event. Immediately after the server error, Coinlink put up a notice that the website will undergo ‘a server maintenance to normalize the trading of Aston’ and that the maintenance will end by 16:30 on the same day. However, an ‘Extension of Server Maintenance’ notice was put up afterwards, explaining that the maintenance is taking longer than expected. Coinlink announced that, “(we) are unsure of the actual cause of the server error” and that, “(we) will announce it though future notices”.
Coinlink is a South Korean exchange that began its official open beta service on 23rd May and it attracted many investors after ‘Huobi’ announced their plans to invest and support the new exchange. However, the users had to undergo a huge inconvenience on the website which promised a safe and secure trading together by interlinking with ‘Huobi’. Prior to the incident, Coinlink has been emphasising that, “(we) protect our users’ assets by utilising the platform by Huobi, the exchange with one of the best security standards in the world.”