22 Bitcoin worth $1.5M vanish from Seoul police custody

The loss was uncovered during an audit launched after a separate 320 Bitcoin custody failure, raising fresh concerns over digital asset management by authorities.

South Korean authorities are investigating after 22 Bitcoin seized in a 2021 case disappeared from a cold wallet at a Seoul police station, according to local media reports.

The 22 Bitcoin (BTC), worth about $1.5 million at current prices, were held by the Gangnam Police Station and discovered missing during a nationwide audit of digital asset custody practices, the Seoul Economic Times reported Friday.

Authorities reportedly said the 22 Bitcoin had been transferred externally, though the cold wallet storing the tokens was not stolen.

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