Korean authorities investigate the disappearance of a significant volume of Bitcoin

2026-02-09 02:04:28

Abstract generation in progress

South Korean prosecutors have launched a formal investigation into the loss of a significant amount of Bitcoin that was previously confiscated in criminal cases, according to information provided by BlockBeats. The incident was discovered during a routine audit of digital assets stored on USB drives by the Gwangju District Prosecutor’s Office.

Discovery and Context

Although the exact amount of cryptocurrency lost has not been publicly disclosed, internal discussions within the institution suggest that the losses could amount to approximately 70 billion Korean won, representing a considerable value. The incident occurred when prosecutorial staff accidentally contacted a fraudulent website while performing standard procedures for verifying seized assets.

Storage Risks and Human Error

The case highlights the vulnerability of digital storage systems and the risks associated with managing confiscated cryptocurrencies. Unintentional exposure to malicious platforms was identified as the main factor in the loss of assets, raising questions about the security protocols implemented by Korean authorities.

Investigation Status and Official Response

In a statement to the press, a spokesperson for the Gwangju District Prosecutor’s Office said: “We cannot confirm the details of this matter at this time.” The investigation into recovery and characterization of the losses is ongoing, with Korean authorities taking measures to prevent similar incidents in the future.

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