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    1. coinfeeds-bot on

      tldr; South Korea’s Gangnam Police Station has reported the loss of 22 Bitcoins, valued at approximately $1.6 million, which were seized during a 2021 investigation. The disappearance was discovered during a nationwide audit of digital asset handling, following a similar incident at the Gwangju District Prosecutors’ Office. Although the physical cold wallet remains in police possession, the Bitcoins were transferred out without authorization. An internal investigation is underway to determine how the assets were accessed and moved.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. jaimewarlock on

      Just because the bitcoins were in cold storage, doesn’t mean that the someone else didn’t have a backup to it.

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