Due to the Bithumb Airdrop Incident, several South Korean banks are taking a cautious approach to renewing CEX real-name accounts

BlockBeats News, February 13th. According to the South Korean Chosun Ilbo, in response to the recent incident where Bithumb mistakenly sent out 620,000 bitcoins, South Korean banks that have real-name account relationships with Bithumb and other exchanges are taking a cautious stance on contract renewal to prevent potential reputation risks. KB Kookmin Bank, which has a real-name account contract with Bithumb expiring next month, is currently requesting Bithumb to strengthen internal audits. In addition, K Bank (partnered with Upbit, contract expiring in October) and Kakao Bank (partnered with Coinone, contract up for renewal in the 3rd quarter) are also closely monitoring the situation and conducting a comprehensive evaluation for contract renewals.

On February 6th, Bithumb had planned to distribute a total of 620,000 Korean won in rewards to event winners but mistakenly sent out 620,000 bitcoins (worth approximately 62 trillion Korean won) due to a unit input error. Although Bithumb revoked 618,100 bitcoins in the transaction records before they were posted to the blockchain, 1,788 bitcoins were still effectively sent out.