South Korean authorities reveal case of Bitcoin worth billions of Won lost

CafeMinor · 2026-01-31T00:17:52+00:00

South Korean officials are facing a serious situation as a significant amount of seized Bitcoin has gone missing during a routine inspection by the Gwangju District Prosecutor's Office. The estimated loss could reach 70 billion won, with an ongoing investigation into the circumstances.

CafeMinor

2026-01-31 00:17:52

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South Korean officials face a serious situation as a number of previously seized Bitcoins in criminal investigations are found to be missing. The Gwangju District Prosecutor’s Office revealed this concerning discovery during routine checks of digital financial assets stored on USB devices. According to a report from BlockBeats, the value of the missing Bitcoins amounts to a significant sum in the local currency.

Unexpected Discovery During Routine Inspection

The incident was uncovered when a team from the prosecutor’s office conducted a routine inventory of stored assets. They inadvertently accessed a website suspected to be a scam during the inspection process. This discovery then triggered an internal alert about a potential threat to the digital assets they were safeguarding.

Estimated Losses Reach Billions of Won

Internal discussions within the prosecutor’s office suggest that the value of the missing Bitcoin could be around 70 billion Korean won. However, this figure has not yet been officially confirmed by the relevant authorities. The exact amount of Bitcoin remains confidential for ongoing investigations.

Investigation Status and Official Response

A spokesperson from the Gwangju District Prosecutor’s Office responded cautiously to media inquiries: “We cannot confirm this issue at this time.” This approach indicates that the investigation is still in a sensitive stage, and authorities prefer not to provide full public details until the investigation reaches a conclusion. The probe into the missing assets continues, involving various relevant departments to determine the true circumstances.

BTC0,33%

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