The Gwangju Prosecutor's Office in South Korea is suspected of losing seized bitcoin worth several hundred billions of Korean won, and an internal investigation is currently underway.

PANews, January 25 – According to Korean media Ohmy News, the Gwangju District Prosecutors' Office in South Korea has recently lost a large amount of bitcoin that was seized and stored as part of criminal cases. The exact amount of lost bitcoin has not been disclosed, but it is reported to be worth several hundreds of billions of Korean won. The prosecution is conducting an internal investigation.

The Gwangju District Prosecutors' Office discovered the loss during a routine inspection to check for any irregularities in seized financial assets, when they were examining the passwords related to bitcoin stored on portable storage devices (USB drives). A prosecution official stated: "We understand that the incident occurred during a routine inspection of the seized bitcoin, when someone inadvertently accessed a so-called 'fake (scam) website.' Internal discussions within the prosecution believe that the value of the lost bitcoin is as high as 70 billion Korean won."

An official from the Gwangju District Prosecutors' Office responded to media inquiries by saying: "We cannot confirm this matter."