CEO who reported crypto hack arrested for stealing the coins

The individuals who stole 22 BTC from the custody of Seoul's Gangnam Police Station have been identified as the CEO and operator of the company that originally reported the coins stolen in a hack, Yonhap News reported. The two men, both in their 40s, were the CEO and de facto operator of a cryptocurrency firm. In 2020, they filed a police report claiming that billions of won worth of their company's self-issued tokens had been hacked. Police have now determined that the pair stole the coins themselves due to financial difficulties at their company, cashing them out for approximately 1 billion won at the time.