Seoul's Gangnam police may have violated crypto storage rules for 22 missing BTC

The Seoul Gangnam Police Station may have violated internal guidelines in its handling of 22 BTC that went missing while being held as evidence, KBS reported. In March 2022, the National Police Agency established a rule under its integrated evidence management guidelines requiring seized virtual assets to be transferred to and stored in an official police cold wallet. However, the Gangnam station, which had received the 22 BTC as a voluntary submission in 2021, reportedly kept the assets in an external cold wallet instead of the official one. The Bitcoin is presumed to have been lost in May 2022, after the new guidelines were already in effect.