South Korea to mandate crypto holding audits after Bithumb incident

South Korean financial authorities will mandate external audits of virtual asset holdings following an erroneous 60 trillion won Bitcoin transfer incident at the Bithumb exchange, News1 reported. Authorities have launched an on-site inspection at Bithumb and expanded their checks to four other exchanges: Upbit, Coinone, Korbit, and Gopax. Meanwhile, the National Assembly's National Policy Committee is scheduled to hold a plenary session at 1:00 a.m. UTC today to conduct an emergency inquiry into the Bithumb incident.