The South Korean government has distributed $15 million in debt relief funds, originally intended to support small businesses, to cryptocurrency holders.

An audit by South Korea's Financial Supervisory Service found that the "New Start Fund," designed to help small businesses struggling after the pandemic, provided more than $15 million in debt relief to 269 individual cryptocurrency traders. The audit revealed that one individual who received $62,350 in debt relief (a 77% reduction) held approximately $307,000 worth of cryptocurrency at the time.