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...
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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
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