• Prosecutors discovered missing Bitcoin during a routine inspection of seized digital assets.
• The loss is linked to a suspected phishing incident involving stored private keys.
• Internal estimates value the missing Bitcoin at around 70 billion won.

South Korean prosecutors are investigating the loss of a large amount of Bitcoin that had been seized and held as evidence in a criminal case, raising fresh concerns over how digital assets are stored and protected by public authorities.

According to reports, this incident occurred at the Gwangju District Prosecutors’ Office, which recently discovered that a significant quantity of confiscated Bitcoin had gone missing during a routine inspection. 

While prosecutors have not disclosed the exact amount, officials familiar with the matter said the value could reach tens of billions of won, with internal estimates putting t…

Read The Full Article South Korea Investigates $48M Bitcoin Loss From Prosecutors’ Evidence Vault On Coin Edition.

• Prosecutors discovered missing Bitcoin during a routine inspection of seized digital assets.
• The loss is linked to a suspected phishing incident involving stored private keys.
• Internal estimates value the missing Bitcoin at around 70 billion won.

South Korean prosecutors are investigating the loss of a large amount of Bitcoin that had been seized and held as evidence in a criminal case, raising fresh concerns over how digital assets are stored and protected by public authorities.

According to reports, this incident occurred at the Gwangju District Prosecutors’ Office, which recently discovered that a significant quantity of confiscated Bitcoin had gone missing during a routine inspection. 

While prosecutors have not disclosed the exact amount, officials familiar with the matter said the value could reach tens of billions of won, with internal estimates putting t…

Read The Full Article South Korea Investigates $48M Bitcoin Loss From Prosecutors’ Evidence Vault On Coin Edition.