The Gwangju Prosecutor's Office recently announced the successful recovery of all 320 Bitcoins that had been reported lost. This recovery followed their awareness of the theft on the 16th of last month, prompting swift action to identify the electronic wallet where the stolen Bitcoins were ultimately transferred. The prosecutors implemented measures to prevent any further transactions through both domestic and international exchanges by automatically notifying them of any new activities, monitoring them in real time, and freezing suspicious transactions. These actions were crucial in ensuring that the stolen Bitcoins were successfully reclaimed.

In their report, the Gwangju Prosecutor's Office clarified that there appears to be no involvement of their internal staff in the loss of the Bitcoins. They plan to provide a detailed account to the media regarding the circumstances surrounding both the loss and recovery of the virtual assets. This information will shed light on the security lapses that led to the incident and the subsequent response measures taken by the authorities.

The case originated from a woman associated with an illegal gambling operation, whose conviction and the order for the seizure of the Bitcoins were confirmed by the Supreme Court on the 8th of last month. During the verification process of the confiscated assets, it was discovered that the Bitcoins had gone missing, which led to an investigation into the matter. The police had transferred the Bitcoins in the form of a cold wallet in connection with profits from criminal activity dating back to 2022, and it was during the duty transfer process last year that a security key was apparently leaked, resulting in the loss of these assets.