South Korean prosecutors sell stolen and recovered Bitcoin, cashing out $21.5 million

Deep Tide TechFlow News, March 10 — According to The Block, the Gwangju District Prosecutor’s Office in South Korea sold 320.8 bitcoins, with the proceeds of 31.6 billion Korean won (approximately $21.5 million) paid into the national treasury. The bitcoins were originally confiscated after a raid on an illegal gambling platform, stolen in August 2025 due to a phishing attack on officials, and voluntarily returned by the hacker in February this year. The prosecution then sold the bitcoins in batches over 11 days (from February 24 to March 6). The hacker is still at large, and the investigation is ongoing.

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