South Korean authorities confirmed that 22 BTC seized in a 2021 investigation were drained from a police-controlled cold wallet without the physical device being stolen.
Seoul’s Gangnam Police said the missing bitcoin, now worth roughly $1.5 million, was discovered during an internal audit years after the assets were surrendered.
The Gyeonggi Bukbu Provincial Police Agency has launched a probe to determine how the breach occurred and whether insider involvement played a role.
The incident follows another reported loss of 320 BTC at the Gwangju District Prosecutors’ Office earlier this year, prompting nationwide inspections of investigative agencies handling digital assets.
In a separate development, three masked men reportedly attempted a home invasion targeting the head of Binance France. Authorities are investigating both incidents as concerns grow over crypto custody security and personal safety risks for industry executives.
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