Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto
A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000. Recently published legal documenta...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Recently published legal documentation shows that the Busan District Prosecutor’s Office seized coins “worth about $413,000” in 2018.
After a long legal struggle, the Treasury succeeded in liquidating the coins in January 2022.
The media outlet Newsis reported:...
Read More: Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward
Bitcoin Magazine South Korea Pushes 22% Crypto Tax to 2029 in Fourth Delay, Offers Three-Year Loss Carryforward South Korea’s gove...
Europe’s Largest Asset Manager Amundi Brings €22.8B STOXX Europe 600 Fund to Ethereum
Key Takeaways: Amundi began a tokenized STOXX Europe 600 fund share class on Ethereum. The number of assets in the underlying inde...
Keel (KEEL) Sells Entire Bitcoin Treasury for $192 Million, Will Sell BTC Daily
Bitcoin Magazine Keel (KEEL) Sells Entire Bitcoin Treasury for $192 Million, Will Sell BTC Daily Keel Infrastructure sold its enti...
Strive Posts $509M Q3 Profit as Bitcoin Holdings Surge to $3.25 Billion
Bitcoin treasury company Strive reported a $509 million third-quarter profit, fueled by gains in its cryptocurrency holdings, whil...