South Korean prosecutors sell 320 recovered stolen BTC for $24.1M

South Korean prosecutors have sold 320 bitcoins that were recovered after being stolen via a phishing site, with the proceeds returned to the state treasury, Kookmin Ilbo reported. The Gwangju District Prosecutors' Office announced that it sold 320.88 BTC in small increments over 11 days from Feb. 24 to March 6. The sale yielded 31.58 billion won (around $24.1 million), which has been transferred to the national treasury. The bitcoins, originally seized as criminal proceeds, were stolen around August of last year. Prosecutors became aware of the theft on Feb. 16 and, after identifying the wallet where the funds were transferred, worked with domestic and overseas crypto exchanges to block transactions. The assets were successfully recovered on Feb. 19.