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Police lose $2m in Bitcoin: Experts call on law enforcers to overhaul security
Security experts have called on South Korean law enforcement agencies to overhaul their crypto management routines after police say they “lost” just under $2 million worth of Bitcoin confiscated during a criminal investigation. Officers did not explain how the Bitcoin, kept on 22 USB thumb drives in a sealed vault in a police station in Seoul’s Gangnam District, had disappeared, leaving only the drives behind, South Korean newspaper Dong-A Ilbo reported. Police only confirmed they are “investigating the circumstances surrounding the loss of confiscated Bitcoin.” The revelations come hot on the heels of the ... (full story)
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