🏦 **Deposit Insurance Corporation Seizes Virtual Assets for Bad Debtors** 💰

In a significant move, the Deposit Insurance Corporation (Yebo) has seized virtual assets, including Bitcoin, from individuals who caused financial company insolvency. Here are the key details:

1️⃣ A total of 1,075 individuals linked to financial company insolvency were investigated during the first half of this year.

2️⃣ The investigation led to the detection of 29 cases related to virtual assets, resulting in the seizure of 16 of these cases.

3️⃣ The initiative targeted individuals who had borrowed significant sums (at least 3 billion KRW) from insolvent financial companies, as well as executives and employees of group companies responsible for the financial company's insolvency.

This marks a significant development in the regulation and handling of virtual assets in cases of financial insolvency.

#VirtualAssets #DepositInsurance #Bitcoin #FinancialInsolvency #CryptoNews 🏦🔒🚫