PANews|2月 25, 2026 12:39
[South Korean Police Arrest Two Suspects Accused of Stealing 22 Bitcoin Evidence]
According to The Block, the Gyeonggi Northern Provincial Police Agency in South Korea arrested two suspects on February 25, 2026, for allegedly stealing 22 bitcoins from the evidence storage of the Gangnam Police Station. These bitcoins were initially seized in November 2021 during the investigation of the 'A Coin Foundation' hacking case.
The investigation revealed that the police had not stored the assets in officially regulated hardware wallets at the time but had instead used cold wallets provided by the foundation. This allowed the suspects to exploit the mnemonic phrases and illegally transfer the assets through information communication networks.
Currently, the 22 bitcoins, valued at approximately $1.5 million, have not been recovered. Additionally, the former police officer in charge of the case was sentenced to 18 months in prison in August 2024 for accepting bribes from the foundation.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink