Gangnam Police are probing internal involvement after ₩2.1 billion in Bitcoin vanished from a cold wallet, following a nationwide review sparked by the Gwangju crypto theft case.
South Korea's Gangnam Police confirmed a loss of 22 Bitcoins worth about ₩2.1 billion, identified during a nationwide review prompted by the Gwangju prosecutors’ office Bitcoin theft case. The assets were voluntarily submitted in 2021, stored in a cold wallet device that remained physically intact, yet the coins were transferred. Authorities are investigating potential internal involvement, with the case underscoring security challenges in managing seized digital assets even in offline storage.