South Korea Police Draft Guidelines for Seized Crypto Assets: Report

South Korea’s National Police Agency (KNPA) has reportedly finalized a draft directive to establish systematic guidelines for managing seized digital assets, including privacy-focused tokens and software wallets, recognizing the shift from traditional physical evidence storage. This move follows incidents where seized cryptocurrencies were lost or mishandled while in government custody, such as a recent case where 320 Bitcoin went missing from prosecutors' custody before being unexpectedly recovered and sold. Furthermore, the KNPA plans to select a private custody provider by the first half of 2026, as previous bidding attempts failed. Authorities face budget constraints, with only about $55,600 allocated to handle assets valued at an estimated $36.5 million seized over the last five years.

(Source：Cointelegraph)