South Korean prosecutors lose a large amount of seized Bitcoin, with losses potentially reaching $48 million

GateNews
BTC2,38%

PANews January 22 News, according to Ohmynews, the Gwangju District Prosecutors Office in South Korea recently conducted a routine check of seized assets and discovered that a large amount of Bitcoin related to criminal cases stored by them was missing, with an estimated loss of hundreds of billions of Korean won (the report mentions internal rumors of about 70 billion won, approximately $48 million).
It is reported that the prosecution stored Bitcoin-related passwords and other information on portable storage devices, and the loss may have occurred during the inspection process due to accidental access to a so-called “scam website.” The Gwangju District Prosecutors Office’s official response to this matter is “unable to confirm.” The prosecution has now launched an internal investigation into the incident.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Whale Sends $20M in BTC to Binance, Hinting at Possible Sale

A bitcoin whale transferred 300 BTC worth over $20 million to Binance, prompting speculation about a potential sale. Despite this move, the wallet still holds 200 BTC, currently valued around $13.8 million, suggesting the owner may face losses.

CryptoNewsFlash31m ago

Global Markets Shift as Oil Jumps and Bitcoin Holds Ground

Global markets moved unevenly as geopolitical tensions intensified and energy prices climbed sharply. Oil prices surged above key levels while Bitcoin maintained stability despite pressure. Meanwhile, equities fluctuated as traders reacted to escalating rhetoric and uncertain diplomatic outcomes. O

CryptoBreaking48m ago

Solo Bitcoin Miner Hits $210K Block Reward in Rare CKpool Win

A solo Bitcoin miner using CKpool secured a rare success, solving a block and earning 3.139 BTC worth about $210,000, despite running a modest setup of 230 TH/s, which has a 1-in-28,000 chance of success daily.

CryptoNewsFlash3h ago

Former special correspondent talks in depth about the history of Bitcoin being normalized after witnessing it in the White House, and offers beginner advice

Bitcoin Magazine interviews former White House reporter Corva, sharing his experience of becoming a Bitcoin advocate and analyzing Bitcoin’s role in humanitarianism and global finance. He emphasizes that policy needs legislative support, advises beginners to use dollar-cost averaging, and encourages community involvement to expand its broader impact.

ChainNewsAbmedia4h ago

Iran Bitcoin Hashrate Drops 77% Amid Ongoing Conflict

Iran’s Bitcoin mining industry has taken a sharp hit. New data shows the country’s hashrate has dropped by 77% in just one quarter. Reports suggest Iran has lost around 7 exahashes per second. Its total hashrate now sits near 2 EH/s. Compared to past levels, when the nation had built a robust mining

Coinfomania6h ago
Comment
0/400
No comments