South Korean police arrest two suspects for allegedly stealing 22 bitcoin pieces of evidence
PANews, February 25th – 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 originally seized in November 2021 during the investigation of the “A Coin Foundation” hacking case. According to the investigation, the police did not store the assets in an officially regulated hardware wallet at the time, but instead used a cold wallet provided by the foundation, which allowed the suspects to use the mnemonic phrase to illegally transfer the assets via the information and communication network. Currently, the bitcoins, valued at approximately $1.5 million, have not yet been recovered. In addition, 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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BNB Chain Enables AI Agents to Execute Onchain Actions via Messaging Apps
Michael Saylor releases Bitcoin Tracker information again, possibly hinting at another BTC accumulation
Main 24h Trend: More ETH Whale Limit Sell Orders, Totaling 1.291 billions USD
