Bithumb's accidental Bitcoin delivery incident has triggered a chain reaction, leading to increased caution among South Korean banks regarding the renewal of verified account policies.

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According to Odaily Odaily, following the recent accidental distribution of 62 trillion won (approximately 620,000 Bitcoins) to Bithumb, several South Korean internet banks are exhibiting extreme caution regarding the renewal of verified account contracts with cryptocurrency exchanges. Financial institutions such as KakaoBank (in partnership with Coinone) and K-Bank (in partnership with Upbit) are closely monitoring the situation, concerned that the exchanges' internal control risks could potentially spill over to the banks, damaging their financial reputation.

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