South Korean Prosecutors Investigate Missing Bitcoin Worth Billions

2026-01-25 13:30

The Gwangju District Prosecutors' Office in South Korea is investigating the disappearance of a significant amount of Bitcoin, reportedly worth hundreds of billions of won, that was seized in a criminal case. The loss was discovered during a routine inspection of financial assets, where it was found that Bitcoin-related passwords stored on a USB drive were compromised. An internal investigation is underway to determine the circumstances of the loss, which may involve a fraudulent website. The exact amount of Bitcoin missing has not been disclosed, but internal discussions suggest it could be valued at up to 70 billion won. Officials have not confirmed these details publicly.

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