According to Foresight News , citing South Korea's Chosun Ilbo, Korean banks that have real-name account agreements with Bithumb and other exchanges are taking a cautious approach to renewing their contracts due to the recent erroneous distribution of 620,000 Bitcoins, in order to mitigate potential reputational risks. KB Kookmin Bank, whose real-name account agreement with Bithumb expires next month, is currently requesting Bithumb to strengthen its internal audits. Furthermore, K Bank (which partners with Upbit, with its contract expiring in October) and Kakao Bank (which partners with Coinone, with its contract renewed in Q3) are also closely monitoring the situation and comprehensively evaluating renewal options.
Bithumb had planned to distribute a total of 620,000 Korean won in rewards to winners of an event on February 6, but due to a unit input error, it distributed 620,000 bitcoins (worth approximately 62 trillion Korean won). Although Bithumb revoked the payment of 618,100 bitcoins before the transaction was recorded on the blockchain, 1,788 bitcoins were still actually distributed.
