In an unexpected turn of events, the online community found themselves reevaluating their allegiances as EXO Baekhyun, a prominent idol, took to a livestream to address the recent storm of financial allegations surrounding him.

Here's what everyone is buzzing.

EXO Baekhyun Confession: Unraveling the Financial Saga Surrounding the Idol

The saga unfolded when reports emerged from EXO Baekhyun's livestream session, aiming at a series of financial accusations that had swirled around him in recent times.

The trigger for this scrutiny was Baekhyun's relocation to a new residence, a move that inadvertently ignited a firestorm of controversy.

READ ALSO: EXO Baekhyun to Establish Own Company - What Will Happen To His Group Activities? 

Public records disclosed a startling revelation that the EXO member had taken up residence in a property owned by an individual closely linked to Big Planet Made, a label that SM Entertainment had claimed tried to lure away members of the group.

Adding fuel to the fire, MC Mong, an artist with deep-rooted ties to the label, divulged in a confidential recording his efforts to persuade these idols to part ways with SM Entertainment.

Shocking Twist: Idol Baekhyun Financial Scandal Leaves Fans in Disarray!

Amid the growing intrigue, eyebrows were raised when it came to light that a staggering ₩13.0 billion KRW (equivalent to around $9.94 million USD) mortgage had been secured against this very property, under a business entity named One Signature.

An even more astonishing twist was uncovered: One Signature was traced back to none other than Baekhyun himself.

Accusations of obtaining a loan against a property he did not legally possess sparked disbelief among some netizens.

Facing mounting curiosity and skepticism, Baekhyun's livestream emerged as his attempt to explain the situation.

He underscored that the Big Planet Made executive in question was a family acquaintance and endeavored to rationalize the massive mortgage as a demonstration of personal accountability.

Changing Tides: Unexpected Sympathy for SM Amid Baekhyun's Financial Drama

However, despite Baekhyun's effort to provide clarity, his assertions were met with incredulity from the Korean online community.

The idol's explanations were largely dismissed by many, who criticized him for his perceived role in engineering the label conflict.

In a twist of irony, netizens admitted to finding themselves oddly aligned with SM Entertainment, a turn of events they would not have anticipated.

• SM is a good company
• He doesn't love fans, he's good at training them to use them as they please, and he feeds them, but he's top of the top.
• More like a cheater than sincerity
• I saw it before and thought SM's fault was bigger, but I thought wrong. People's greed is scary, really..

As the controversy continues to brew, opinions remain divided, prompting both fans and observers to question the true motives and consequences behind the tangled web of financial intricacies surrounding Baekhyun.

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KpopStarz own this article.
Madison Cullen wrote this.