South Korean gov't makes $10.5M profit from 4-year-old Bitcoin crime haul

South Korean gov't makes $10.5M profit from 4-year-old Bitcoin crime haul

The coins languished in cold storage for four years after being confiscated by authorities during an arrest. South Korean prosecutors have finally sold a Bitcoin (BTC) haul they confiscated from a criminal in 2017 and it’s worth $10.5 million more than it was at the time of the arrest. The cash has reportedly been deposited in the coffers of the country’s national treasury.According to reports coming out of the Suwon District Prosecutors Office, this is the first time confiscated Bitcoin has been sold by authorities, and the first time the coins in question have moved since being put into....


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