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South Korean prosecutors sell $21.5 million in seized bitcoin once lost to phishing attack

The Block|Danny Park|March 10, 2026 at 09:46 AM

Image via The Block

🤖AI Summary

South Korean prosecutors sold $21.5 million worth of seized bitcoin after recovering the assets from a phishing attack. The cryptocurrency was originally lost to hackers last year but was recently returned to the prosecutors' wallet.

Key Takeaways

→South Korean prosecutors recovered $21.5 million in bitcoin that was lost in a phishing attack last year.
→The hackers unexpectedly returned the stolen cryptocurrency to the prosecutors' wallet.
→Authorities proceeded to sell the recovered bitcoin assets.
→The incident highlights ongoing security vulnerabilities in cryptocurrency storage by government entities.
→The case represents an unusual outcome where stolen crypto assets were voluntarily returned by attackers.

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#south-korea #bitcoin #phishing #government #seizure #cybersecurity #prosecution #recovery

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