2024.05.07
Prosecutors’ Office Recover $7.6 Million in Cryptocurrency Hidden in Deleted E-Wallet
Korean Prosecutors’ Office recovered a deleted e-wallet belonging to a suspect accused of fraud and embezzlement, seizing cryptocurrencies worth $7.6 million. The suspect, A, allegedly defrauded victims of $13.6 million in investment funds and embezzled Ethereum from his employer. Despite a previous conviction, A claimed to have lost access to his wallet. However, prosecutors found the mnemonic code and seized the hidden Ethereum. They aim to return the assets to the victims and highlight the need for better regulation in handling virtual assets.
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