South Korean Agencies Struggle with Digital Asset Security as $21.5M BTC Is Sold

South Korean agencies struggle with digital asset security as $21.5M BTC is sold

The South Korean Gwangju District Prosecutors’ Office authorities sold the huge Bitcoin haul seized from hackers and deposited the profits into the government treasury. Prosecutors disposed of 320.8 Bitcoin, raking in 31.6 billion won, about $21.5 million. They spread the BTC sales over 11 days to minimize potential market impact. Initially, authorities had seized the cryptocurrency during a crackdown on a cross-border gambling platform operatin…

Bitcoin Heist to Payday: South Korean Prosecutors Turn Phished Coins Into Cash – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Gwangju District Prosecutors’ Office sold off all of 320 (BTC) recovered from hackers and returned them to the national treasury. The Bitcoin Heist According to a piece published by Chosun Ilbo, The Gwangju District Prosecutors’ Office announced on March 10 that it had “sold all 320.8 Bitcoins at market price, repatriating 31.5 billion won to …

Bitcoin Heist to Payday: South Korean Prosecutors Turn Phished Coins Into Cash

The Gwangju District Prosecutors’ Office sold off all of 320 (BTC) recovered from hackers and returned them to the national treasury. The Bitcoin Heist According to a piece published by Chosun Ilbo, The Gwangju District Prosecutors’ Office announced on March 10 that it had “sold all 320.8 Bitcoins at market price, repatriating 31.5 billion won […]