Authorities in South Korea have launched an investigation after seized Bitcoin worth about $48 million was found missing.
Prosecutors at the Gwangju District Prosecutors’ Office discovered roughly 70 billion won in Bitcoin missing during a routine asset inspection.
Local media reported the loss occurred after a password leak linked to a phishing attack on an agency worker.
“We are conducting an investigation to track the circumstances and whereabouts of the seized items,”
A prosecution official said.
“We cannot confirm specific details,”
The official added.
The theft highlights ongoing risks tied to phishing, where attackers spoof legitimate sites or messages to steal wallet access.
Security firm Scam Sniffer previously reported phishing-related crypto losses fell sharply in 2025, though risks persist.
Law enforcement agencies worldwide continue to hold large crypto sums, often without disclosing custody methods.
The incident follows recent South Korean actions against crypto-linked money laundering networks.
Internationally, authorities in the United States and the United Kingdom have also reported large crypto seizures in recent years.
At the time of reporting, Bitcoin price was $89,627.38.