BlockBeats report: On February 13, according to South Korea’s Chosun Ilbo, Korean banks that have real-name account partnerships with Bithumb and other exchanges are adopting a cautious stance on contract renewals due to Bithumb’s recent incident involving the erroneous issuance of 620,000 bitcoins, aiming to mitigate potential reputational risks. KB Kookmin Bank, which signed a real-name account agreement with Bithumb, has a contract expiring next month and is currently requiring Bithumb to strengthen its internal auditing. Additionally, K Bank (partnered with Upbit, contract expiring in October) and Kakao Bank (partnered with Coinone, renewal due in the third quarter) are closely monitoring developments and conducting comprehensive evaluations regarding contract renewals.
Previously, on February 6, Bithumb planned to distribute a total of 620,000 Korean won in rewards to contest winners, but due to a unit input error, it disbursed 620,000 bitcoins (valued at approximately 62 trillion Korean won). Although Bithumb canceled payments for 618,100 bitcoins before they were recorded on the blockchain, 1,788 bitcoins were successfully distributed.