K Bank, the partner bank for Upbit's won account, has witnessed a dramatic surge in the delinquency rate of its cryptocurrency-linked loans. As per data submitted to the National Assembly's Political Affairs Committee, the delinquency rate for personal credit loans linked to K Bank's virtual asset accounts reached 1.28% in Q3 2022, with a delinquent balance of 47.4 billion won. Since the launch of virtual asset-linked accounts in June 2020, K Bank has grappled with a consistent rise in both its delinquency rate and balance. This trend highlights the potential risks associated with cryptocurrency lending, particularly during market downturns when borrowers may struggle to repay their loans.