Queenbee Coin officials met to plan theft of seized BTC, report says

Officials from Queenbee Coin, accused of stealing Bitcoin seized by the Seoul Gangnam Police Station, held an internal meeting on the day of the theft in May 2022 to discuss the possibility of retrieving the cryptocurrency, JoongAng Ilbo reported exclusively. Police have reportedly confirmed that the arrests were made based on multiple witness statements and circumstantial evidence indicating that Queenbee Company employees met to plan the transfer of the coins on the day of the theft. The suspects are accused of using a previously known mnemonic code to steal around 22 BTC, currently valued at approximately 2 billion won ($1.5 million), which had been voluntarily submitted to and seized by the police.