PANews February 25 News: According to The Block, on February 25, 2026, the Gyeonggi Northern Police Department in South Korea arrested two suspects for allegedly stealing 22 Bitcoins from the evidence vault of the Gangnam Police Station. These Bitcoins were initially seized in November 2021 during the investigation of the “A Coin Foundation” hacking case. The investigation revealed that the police did not store the assets in an officially regulated hardware wallet at the time but used a cold wallet provided by the foundation, allowing the suspects to illegally transfer the assets via mnemonic phrases over the communication network. Currently, the approximately $1.5 million worth of Bitcoin has not been recovered. Additionally, the former officer in charge of the case was sentenced to 18 months in prison in August 2024 for accepting bribes from the foundation.
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