ChainCatcher reports that, according to Cointelegraph, South Korean police have arrested two suspects in a case involving the theft of 22 Bitcoin (worth approximately $1.4 million). These Bitcoins were originally seized by the police in November 2021 from a hacking attack on an exchange, but the police violated regulations by storing them in a cold wallet controlled by a third party, and the police themselves did not hold the wallet’s seed phrase.
It is reported that the seed phrase for the wallet was later handed over to a person named “Mr. Jeong” as part of a loan agreement. The case was not discovered until four years later, during an audit of another incident involving the loss of 320 Bitcoin at the Gwangju District Prosecutors’ Office nationwide.
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
Data: If BTC breaks through $69,628, the total liquidation strength of long positions on mainstream CEXs will reach $1.257 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,628, the total liquidation strength of long positions on major CEXs will reach $1.257 billion. Conversely, if BTC drops below $63,103, the total liquidation strength of short positions on major CEXs will reach $956 million.
GateNews8m ago
Bitcoin Hyper Faces Delays as Analyst Warns of $30,000 Bitcoin Death Cross and Pepeto Approaches Launch
Analyst Ali Martinez warned about a rare three day death cross forming on the Bitcoin chart. This signal appeared before the final crashes in 2018 and 2022. If it confirms, Bitcoin could drop to $40,000 or lower.
While Bitcoin struggles and projects like Bitcoin Hyper try to fix it, Pepeto is
CaptainAltcoin8m ago
STRC’s Monthly Preferred Dividend Rises to 11.5% for March 2026
Strategy chairman Michael Saylor used social media to announce a dividend adjustment at the Bitcoin treasury vehicle STRC. The company has raised the monthly distribution on STRC (EXCHANGE: STRC) to 11.50% for March 2026, up from 11.25%. STRC is a perpetual preferred stock with a variable yield
CryptoBreaking29m ago
Michael Saylor Plans to Permanently Burn 17,000 Bitcoin
Michael Saylor plans to permanently destroy access to over 17,000 Bitcoin, emphasizing alignment with Bitcoin's core principles of sovereignty and property rights. Meanwhile, his company, Strategy, raised its STRC dividend rate to 11.50%, potentially funding more Bitcoin acquisitions.
CryptoFrontNews34m ago
Crypto News Today: Whales Sold Bitcoin Before Iran War While Pepeto Holders Earned Through the Crash
Something does not add up in the crypto news today. The biggest wallets on the planet moved billions in Bitcoin to exchanges days before the first missile hit Iran. Retail traders were still holding when the crash came. Over 152,000 of them lost everything.
For those who want protection from the ne
BlockChainReporter45m ago
