South Korea’s Crypto Loan Crisis: Over 20,000 Forced Liquidations in Just Four Months

A recent report has revealed a concerning trend in South Korea’s cryptocurrency lending sector. The country has witnessed a dramatic increase in forced liquidations from crypto loans, exceeding 20,000 in just four months. This surge, attributed to the volatile nature of crypto markets and high leverage used by borrowers, highlights the inherent risks associated with leveraged lending in this space.