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South Korean Authorities Arrest Two Suspects in $1.4M Bitcoin Theft Case

From financefeeds.com

Two people have been arrested by South Korean police in connection with the theft of 22 Bitcoin from evidence storage at the Gangnam Police Station in Seoul. The stolen BTC, which is worth about $1.4 million right now, was first taken in November 2021 as part of an inquiry into a hack of a local crypto exchange. The owner, who was involved in the 2021 hack case, voluntarily surrendered 22 Bitcoins, and officials at Gangnam Police Station took them into custody. Instead of following national rules that said confiscated cryptocurrency was to be kept in cold wallets controlled by the police, the assets were placed in a ... (full story)

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