Korean Prosecutors Lose Large Amount of Seized Bitcoin, Losses Estimated at $48 Million


According to Ohmynews, the Gwangju District Prosecutors Office in South Korea recently discovered that a large amount of Bitcoin related to criminal cases, which was under their custody, was missing during a routine check of seized assets. The estimated loss amounts to hundreds of billions of Korean won (the report mentions internal rumors of about 70 billion won, approximately $48 million).
It is reported that the prosecutors stored Bitcoin-related passwords and other information on portable storage devices. 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.” An internal investigation has been initiated by the prosecutors regarding this incident.
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