South Korean police lost Bitcoin that had been seized and stored in a cold wallet since 2021.

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PANews reported on February 13th that, according to The Block, the Gangnam Police Agency in Seoul, South Korea, recently discovered during an internal investigation that 22 bitcoins (worth approximately $1.5 million) seized since November 2021 had been transferred from a USB cold wallet. Because the investigation was suspended, the loss of these assets went unnoticed for a long time. The USB device itself was not stolen. The Gyeonggi Northern Provincial Police Agency has launched an internal investigation to determine the specific circumstances of the loss and whether any internal personnel were involved. Police declined to provide further details regarding the ongoing investigation.

This discovery stems from a nationwide special inspection of seized assets management initiated followingthe recent theft of 320 seized Bitcoins by the Gwangju District Prosecutors' Office . Local media reported that evidence management personnel at the Gwangju Prosecutors' Office had their seized Bitcoins stolen after mistakenly logging into a phishing website.

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