Return of the 320 BTC Lost in South Korea
The Gwangju District Prosecutors’ Office in South Korea has recovered 320.88 Bitcoins (BTC) that disappeared from government custody in 2025, as they were returned to the official wallet this week. According to The Chosun Daily, the value of the BTC is currently around $21.3 million ($66,646/BTC). Prosecutors confirmed that an unknown hacker sent the stolen Bitcoin back to the authorities’ crypto wallet on Tuesday and it was then transferred to a secure wallet of a local digital exchange. The Bitcoin had gone missing during an investigation in August 2025 and was discovered during a routine audit on January 23; authorities BTC detailed analysis blamed a phishing attack.
Prosecutors had sent cooperation requests to local exchanges to freeze the hacker’s wallet. Although the reasons for the incident are unclear, authorities are continuing the investigation and examining phishing sites and malicious domain names to catch the suspect. According to Digital Asset Works, the recovery of the Bitcoin will not stop the investigation.
Similar BTC Security Incidents and Broader Context
Similarly, Seoul police announced a week ago that 22 BTC (worth $1.5 million) under their supervision had disappeared from a cold wallet; the Gyeonggi North Provincial Police Agency launched a new investigation. These incidents have increased scrutiny on the authorities’ capacity to safeguard seized Bitcoins. As BIP-360 co-author Ethan Heilman noted, transitioning BTC to post-quantum security could take 7 years; attacks like phishing highlight current risks. Institutional holders like Metaplanet (holding 35.102 BTC) in the BTC futures market are also facing valuation losses.
BTC Current Technical Analysis
- Price: $66,646 (-1.13% 24h)
- RSI: 33.03 (Oversold)
- Trend: Downtrend, Supertrend: Bearish
- Supports: $65,146 (Strong), $60,000
- Resistances: $70,639 (EMA20), $77,302
While the downtrend continues, the strong S1 support could be tested. Follow for BTC detailed analysis.
Source: https://en.coinotag.com/south-korea-recovers-320-btc-hacker-returns-it
