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Tag: South Korea

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Crypto Shock: South Korean Police Report Losing $1.5M Worth Of Bitcoin Held in Cold Storage Since 2021
While cryptocurrency mishaps have historically affected individual investors and exchanges, recent events show that even government authorities are not immune.

In South Korea, authorities are investigating the loss of a substantial Bitcoin (BTC) stash seized in a criminal case in… Read full article
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South Korean Police Lose $1.5M in Seized Bitcoin
Seoul Gangnam Police lost 22 BTC worth $1.45M during a 2026 digital asset custody audit.
The 22 seized BTC were drained remotely while the USB cold wallet remained in police custody.
South Korea reported two custody breaches in 2026, including… Read full article
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How a Bitcoin promotion error triggered a regulatory reckoning in South Korea
A mistaken Bitcoin payout revealed how exchange ledgers work and why South Korea is rethinking internal controls for crypto platforms. Read full article
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