A South Korean audit has revealed that 269 borrowers, each holding over 10 million won in cryptocurrency assets, received a total of 22.5 billion won ($16.3 million) in debt relief during the pandemic. The Board of Audit and Inspection's review of KAMCO's records showed that 1,944 out of 32,703 recipients had the financial means to repay their debts but still benefited from the relief program. This finding underscores discrepancies in the distribution of debt relief, particularly among individuals with substantial cryptocurrency holdings.
South Korean Audit Uncovers Crypto-Holding Borrowers Received $16.3M in Debt Relief
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