Korean prosecutors lost 320 BTC seized from gambling website in August

South Korean prosecutors lost 320 BTC, currently valued at around 40 billion won ($29 million), in a phishing attack that occurred in August 2025, OhmyNews reported exclusively. The Bitcoin originated from assets seized by police from a gambling site in 2021 and later transferred to the prosecution. The loss was discovered during a staff handover, with reports indicating that access credentials for the seized assets had not been updated for over two years after prosecutors received them in early 2023. A significant portion of the lost Bitcoin has reportedly not been cashed out, making it potentially traceable. Prosecutors have stated they are making an all-out effort to recover the funds through parallel internal audits and criminal investigations.