South Korean police to create new guidelines after losing seized Bitcoin

South Korean police plan to establish separate management guidelines for seized cryptocurrency following an incident where the Seoul Gangnam Police Station lost Bitcoin it had secured during an investigation, Newsis reported. The station had previously stated that 22 BTC, voluntarily submitted in connection with a crime around November 2021, had been transferred externally. An inspection revealed that while the physical cold wallet, a USB-type device, was not stolen, the Bitcoin it contained had vanished.