Two suspects arrested over theft of $1.5 million in Bitcoin stolen from police custody in outrageous blunder — Korean cops left virtual assets stored with a third party, who handed over recovery key to hacker

March 1, 2026

, By Tom’s Hardware

Two suspects arrested over theft of .5 million in Bitcoin stolen from police custody in outrageous blunder — Korean cops left virtual assets stored with a third party, who handed over recovery key to hacker

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South Korean police have arrested two individuals suspected of embezzling 22 Bitcoins from police custody. According to Dong-A Libo [machine translated], a virtual asset company voluntarily surrendered the cold wallet containing the crypto back in 2021 when they requested the police to investigate a hacking incident. Police regulations require the authorities to move any seized virtual asset to a cold wallet directly under the control of the local station and stored in a separate vault, but it seems…

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Two suspects arrested over theft of $1.5 million in Bitcoin stolen from police custody in outrageous blunder — Korean cops left virtual assets stored with a third party, who handed over recovery key to hacker

March 1, 2026

, Published By Tom’s Hardware

Two suspects arrested over theft of .5 million in Bitcoin stolen from police custody in outrageous blunder — Korean cops left virtual assets stored with a third party, who handed over recovery key to hacker

South Korean police have arrested two individuals suspected of embezzling 22 Bitcoins from police custody. According to Dong-A Libo [machine translated], a virtual asset company voluntarily surrendered the cold wallet containing the crypto back in 2021 when they requested the police to investigate a hacking incident. Police regulations require the authorities to move any seized virtual asset to a cold wallet directly under the control of the local station and stored in a separate vault, but it seems…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Anthropic’s Claude Leaps to #2 on Apple’s ‘Top Apps’ Chart After Pentagon Controversy

Next News

Apple’s March 4 Event Is Almost Here. 5 Things on My Wishlist

Tom’s Hardware

More like this

Popular

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