South Korea sells 320.8 BTC recovered after government custody phishing breach

Key Point

The Gwangju District Prosecutors’ Office sold 320.8 Bitcoin at market prices and transferred 31.59 billion Korean won (about $21.5 million) in proceeds to the national treasury. Authorities sold the coins in small batches over 11 days between Feb. 24 and March 6 after recovering them from a phishing incident that had temporarily moved the assets out of government custody during an August 2025 handover. Separately, newly established rehabilitation courts in Daejeon, Daegu and Gwangju are drafting guidelines that would generally exclude stock and cryptocurrency investment losses from liquidation value calculations in personal rehabilitation debt restructuring cases.