Gangnam Police Station's Mismanagement Leads to Missing Bitcoin

Seoul's Gangnam Police Station is under scrutiny for not adhering to internal guidelines regarding the management of seized virtual assets. According to NS3.AI, the National Police Agency mandated that all confiscated cryptocurrencies be stored in an official cold wallet starting March 2022. Despite this directive, the Gangnam station stored 22 Bitcoin in an external cold wallet, resulting in the presumed loss of these assets in May 2022.