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

2026.02.13 16:59:27

**February 13 – South Korean banks with real-name account ties to crypto exchanges like Bithumb are taking a cautious approach to contract renewals amid a recent botched Bithumb payout, per the *Chosun Ilbo*. The move aims to avoid potential reputational harm.** - **KB Kookmin Bank**, whose contract with Bithumb expires next month, is asking Bithumb to beef up internal audits. - **K Bank** (partnered with Upbit, contract expires in October) and **Kakao Bank** (partnered with Coinone, renewal up in Q3) are closely monitoring the situation and conducting full reviews ahead of renewals. **The incident: On February 6, Bithumb planned to distribute 620,000 South Korean won in rewards to event winners but accidentally sent 620,000 bitcoins (valued at roughly 62 trillion won) due to a unit input error.** Bithumb canceled 618,100 bitcoins in transaction records before the transactions were recorded on the blockchain, but 1,788 bitcoins still ended up being sent successfully.
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