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• The Gwangju District Prosecutors’ Office said Thursday that a substantial quantity of seized bitcoin was lost, likely to a mid-2025 phishing attack, according to local reporting.
• Prosecutors did not disclose the value of the missing assets, though the Gwangju office previously attempted to seize 24,613 BTC in a 2024 illegal gambling case.

Officers in South Korea’s Gwangju District Prosecutors’ Office are investigating the disappearance of a “significant” amount of bitcoin seized in a criminal case, after an internal review flagged a possible loss during state custody, according to a translated version of a Yonhap News report on Thursday.

Per the report, prosecutors believe the bitcoin was lost around the middle of last year during the storage and management process, with a phishing incident cited as a likely cause.

Prosecutors declined to confirm the size or valuation of the missing holdings and declined to provide further details, citing the ongoing investigation, the report said.

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