The 15 South Korean virtual asset service providers that have ceased operations have frozen 22.1 billion won in user assets, with a return rate of only 0.3%.

CoinFeed reported on May 12 that, according to Yonhap News Agency, data obtained by Kang Min-guk, a lawmaker from the People Power Party of South Korea, from the Financial Supervisory Service shows that as of May 4, a total of 15 virtual asset service providers in South Korea had ceased operations, affecting approximately 1.949 million users and freezing assets totaling 22.1 billion won (US$14.87 million). Of these, only 6 operators, involving 1.92 million users and approximately 2.36 billion won (US$1.59 million), have transferred user assets to the Digital Asset Protection Foundation. Only 131 users, representing 0.006% of all users, have recovered assets through the foundation, with approximately 74.52 million won (US$50,000) returned, representing only 0.3% of the total assets.