Home
News
Details

South Korean Audit Reveals Crypto-Holding Borrowers Received 22.5 Billion Won in Pandemic Debt Relief

iconBitcoinWorld
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$88,294.700.04%
**South Korean Audit Finds Crypto-Holding Borrowers Got 22.5 Billion Won in Pandemic Debt Relief** A recent audit in South Korea revealed that 269 borrowers with over 10 million won in **crypto news** assets received 22.5 billion won ($16.3 million) in principal reductions under the pandemic debt relief program. The Board of Audit and Inspection reviewed KAMCO’s records and found 1,944 out of 32,703 recipients had the means to repay but still got debt forgiveness. The report highlights a misalignment in how relief was distributed, especially among those with significant **crypto today** holdings.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.