Overview
- The Gwangju District Prosecutors’ Office discovered roughly 70 billion won in seized Bitcoin missing during a routine inspection in mid‑2025, according to local reports.
- Preliminary findings say an employee visited a fraudulent website that captured wallet passwords stored on a USB device, enabling unauthorized transfers.
- Prosecutors confirmed an ongoing investigation and have withheld the exact amount and coin quantity pending further review.
- Funds were moved to external wallets in transactions that cannot be reversed, leaving recovery dependent on tracing efforts and legal action.
- A recent Supreme Court ruling confirmed that Bitcoin on exchanges can be seized under the Criminal Procedure Act, increasing government-held crypto that demands stronger custody controls.