Just 0.3% of $16.1M in assets returned from closed Korean crypto firms

User assets worth 22.1 billion won ($16.1 million) remain locked in now-defunct virtual asset service providers in South Korea, with only 0.3% having been returned to customers, Yonhap News reported. Citing data from the Financial Supervisory Service submitted to People Power Party lawmaker Kang Min-guk, the report noted that 15 such providers had ceased operations as of May 4. The locked funds, which affect 1,949,742 users, include both virtual assets and cash deposits valued as of the end of March.