South Korean authorities sold 320.8 Bitcoin recovered from a phishing attack that occurred in August 2025. The sale was carried out in small batches over 11 days to avoid impacting market conditions significantly.
The sold Bitcoin, valued at 31.59 billion Korean won (approximately 21.5 million USD), was linked to illegal gambling activities totaling around 285 million USD. The cryptocurrency was returned to government custody earlier this year after authorities traced it back.
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