South Korean police have arrested two suspects accused of stealing 22 seized Bitcoin
Svmuu News: On February 25, 2026, the Gyeonggi North Provincial Police Agency arrested two suspects accused of stealing 22 Bitcoin coins from the evidence storage facility at the Gangnam Police Station.This batch of Bitcoin was originally seized in November 2021 during an investigation into the hacking of the “A Coin Foundation.” According to the investigation, because the police had not stored the assets in an officially regulated hardware wallet at the time but instead used a cold wallet provided by the foundation, the suspects were able to illegally transfer the assets via information and communication networks using the recovery phrase.Currently, these Bitcoin, valued at approximately $1.5 million, have not yet been recovered. Additionally, the former police officer in charge of the case at the time was sentenced to 18 months in prison in August 2024 for accepting bribes from the foundation. (The Block)
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