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Korean Prosecutors Recover 320.8 Stolen BTC, Hacker's Identity Still Unknown

2 hours ago

**February 19th — According to The Block, South Korean prosecutors have recovered approximately $21.4 million worth of Bitcoin (BTC) stolen from their custody last year.** Last December, the prosecutors discovered that Bitcoin seized in a prior raid on a gambling platform had gone missing. An internal probe found that in August 2023, investigators mistakenly accessed a phishing website and entered a recovery seed phrase, letting the hacker steal the cryptocurrency. On Tuesday, the hacker returned 320.8 BTC to a wallet controlled by South Korean law enforcement. Prosecutors noted they had previously blocked the hacker’s wallet on centralized exchanges to prevent the BTC from being cashed out. The hacker’s identity remains unknown. The prosecutors have transferred the returned Bitcoin to a local exchange for safekeeping and will continue investigating the hacker’s identity.
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