Bitcoin Wallet with 320.88 BTC Identified by South Korean Authorities

bridge_anxiety · 2026-02-05T13:01:00+00:00

In a notable discovery, authorities in Gwangju, South Korea, identified a Bitcoin wallet containing 320.88 BTC valued at approximately $29.8 million, previously classified as lost. The recovery raises legal and procedural questions about digital asset retrieval and highlights the importance of blockchain audits and international cooperation in managing disputed cryptocurrencies.

bridge_anxiety

2026-02-05 13:01:00

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In a notable discovery, the Gwangju District Prosecutors’ Office in South Korea located a Bitcoin wallet containing a substantial digital fortune. According to data provided by NS3.AI, the wallet previously held the status of a lost asset but reappeared in the official records of South Korean authorities with an estimated value of approximately $29.8 million.

Discovery of a Significant Digital Asset

The identified wallet contains exactly 320.88 BTC, a considerable amount from the perspective of the cryptocurrency market. This wallet was previously marked as unavailable or lost in blockchain tracking systems. Its identification by South Korean authorities raises questions about laws and procedures for recovering such digital assets that could be linked to legal cases or financial crime investigations.

Current Status of the Wallet and Implications

Chronological events show that the BTC was transferred to an unidentified wallet address on August 21, 2025. Since then, the wallet has remained static, with no further movement of funds. As of January 27, 2026, the digital assets remained in that location without being accessed or transferred further. The current situation, as of February 5, 2026, suggests that the wallet remains under surveillance and possibly under administrative control, pending the resolution of related legal processes.

This recovery of significant digital assets highlights the importance of blockchain audits and international cooperation in identifying and safeguarding cryptocurrency holdings involved in litigation or suspected of illicit activity.

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