South Korean officer indicted without detention over misused seized BTC

A South Korean police officer has been indicted without detention for allegedly converting and concealing Bitcoin seized during an investigation, KBS News reported. South Korea’s Incheon District Prosecutors’ Office said on Sept. 28 that it had indicted a police lieutenant in the officer’s 40s from the Incheon Metropolitan Police Agency. The officer is accused of diverting about 0.033 BTC, worth 5.19 million won at the time, that had been seized from a drug offender in 2024, then cashing it out and using the proceeds.