The Gwangju Prosecutors' Office in South Korea is conducting an internal investigation into the alleged theft of hundreds of billions of won worth of Bitcoin that it had seized.

PANews reported on January 25th that, according to South Korean media outlet Ohmy News , the Gwangju District Prosecutors' Office in South Korea recently allegedly lost a large amount of Bitcoin seized and stored in connection with a criminal case. The exact amount of the missing Bitcoin has not yet been released, but it is understood to be worth hundreds of billions of Korean won. The prosecution is conducting an internal investigation.

The Gwangju District Prosecutors' Office discovered the loss during a routine inspection of seized financial assets for irregularities. They were examining Bitcoin-related passwords stored on a USB flash drive. A prosecutor stated, "We understand that the incident occurred during a routine inspection of seized Bitcoins when someone inadvertently visited a so-called 'fake (fraudulent) website.' Internal discussions within the prosecution suggest the lost Bitcoins are worth as much as 70 billion won."

When asked by the media, an official from the Gwangju District Prosecutors' Office said, "We cannot confirm this."