South Korea Freezes Crypto Lending After ₩1.5 Trillion Boom Triggers Mass Liquidations

TLDR: South Korea’s FSC halted new crypto lending after investors borrowed ₩1.5 trillion and 13 percent were liquidated in a month. Exchanges like Upbit and Bithumb offered lending up to 80 percent collateral or four-times leverage before FSC stepped in. The regulator flagged USDT sell-offs tied to lending as a source of market disruption on [...]

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