Missing Bitcoin Case Spurs Tighter Crypto Custody Measures

[tradelikepro]

New guidelines from Korean National Police Agency follow growing scrutiny over crypto custody risks, highlighted by a recent incident involving missing Bitcoin.

Earlier this year, around 320 BTC temporarily disappeared from government custody before being unexpectedly returned by a hacker—raising concerns about security practices.

Authorities are now planning to appoint a private custody provider by 2026, as past attempts failed due to budget constraints and suitability issues.

With seized crypto assets in South Korea estimated at over $36 million in recent years, officials are under pressure to ensure safer and more reliable asset management systems.

[encrypted]

320 BTC just casually ‘disappearing’ is insane