South Korea’s Supreme Court Clarifies Procedures for Seizing and Liquidating Crypto Assets
【South Korea’s Supreme Court Clarifies Procedures for Seizing and Liquidating Crypto Assets】Coin Chain Express reports that, according to Yonhap News Agency on November 9, the National Court Administration of the Supreme Court of Korea said the revised Civil Execution Rules took effect on November 1, clarifying procedures for seizing, transferring and liquidating crypto assets such as Bitcoin. Assets held by exchanges may be seized by attaching users’ rights to request asset transfers from the exchanges. For assets held directly in personal wallets, courts may prohibit debtors from disposing of them and require their transfer to an enforcement officer for management, after which they may be sold in accordance with the law or transferred to creditors. Civil enforcement cases involving crypto exchanges totaled 423 in 2023 and 3,136 in 2025; the figure had already reached 3,186 in the first nine months of 2026.
【South Korea’s Supreme Court Clarifies Procedures for Seizing and Liquidating Crypto Assets】Coin Chain Express reports that, according to Yonhap News Agency on November 9, the National Court Administration of the Supreme Court of Korea said the revised Civil Execution Rules took effect on November 1, clarifying procedures for seizing, transferring and liquidating crypto assets such as Bitcoin. Assets held by exchanges may be seized by attaching users’ rights to request asset transfers from the exchanges. For assets held directly in personal wallets, courts may prohibit debtors from disposing of them and require their transfer to an enforcement officer for management, after which they may be sold in accordance with the law or transferred to creditors. Civil enforcement cases involving crypto exchanges totaled 423 in 2023 and 3,136 in 2025; the figure had already reached 3,186 in the first nine months of 2026.