Bithumb's Bitcoin Misissuance Incident Triggers Chain Reaction, Korean Banks Become More Cautious in Renewing Real-Name Accounts

Odaily News Following the recent incident where Bithumb mistakenly issued 62 trillion won (approximately 620,000) worth of Bitcoin, multiple internet banks in South Korea have adopted an extremely cautious stance regarding the renewal of real-name accounts with cryptocurrency exchanges. Financial institutions such as KakaoBank (partnered with Coinone) and K-Bank (partnered with Upbit) are closely monitoring the situation, concerned that internal control risks from exchanges could spill over to the banking side, damaging their financial reputation.