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22 bitcoins seized by the police of South Korea have disappeared.

The Gangnam police station in Seoul confirmed that 22 BTC โ€” valued at around US$ 1.5 million โ€” were transferred from a USB cold wallet where they had been stored since 2021.

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The case was only discovered during a national inspection, following another scandal involving the loss of 320 BTC in the Gwangju District Prosecutor's Office.

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The Gyeonggi Bukbu Provincial Police Agency has opened an internal investigation to determine how the bitcoins were diverted and whether there was internal involvement.

The USB drive was not stolen โ€” but the bitcoins have vanished.