South Korean prosecutors sell recovered stolen Bitcoin, cashing out $21.5 million.
TechFlame
2026-03-10 09:57
TechFlame2026-03-10 09:57
English
According to The Block, the Gwangju District Prosecutors' Office in South Korea sold 320.8 bitcoins, with the proceeds of 31.6 billion won (approximately $21.5 million) being turned over to the national treasury. The bitcoins were originally confiscated during a raid on an illegal gambling platform. They were stolen in August 2025 due to a phishing attack on officials and were only returned in February this year when the hacker voluntarily gave them back. The prosecutors then sold the bitcoins in batches over 11 days (from February 24 to March 6). The hacker remains at large, and the investigation is ongoing.