South Korea Police Lose $1.5M in Bitcoin

22 $BTC seized in 2021 have vanished from a cold wallet at Seoul's Gangnam Police Station.

→ USB cold wallet was never stolen

→ But BTC was transferred out externally

→ Loss went undetected for years

→ Another 320 BTC (~$21M) also went missing in 2025

Why it matters:

Cold storage doesn't protect against insider access or poor key management. Even governments struggle with proper crypto custody.

Negligence or inside job?