Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto

A legal twist allowed the South Korean Treasury to make a large profit on crypto seized by law enforcers in 2018 – and liquidated while Bitcoin (BTC) was trading for just under $40,000.
Recently published legal documentation shows that the Busan District Prosecutor’s Office seized coins “worth about $413,000” in 2018.
After a long legal struggle, the Treasury succeeded in liquidating the coins in January 2022. 
The media outlet Newsis reported:…
Read More: Legal Twist Let South Korean Treasury Make $3.7m from Seized Crypto  Read more »
Sign up for e-EUR – the progressive stablecoin