South Korean prosecutors said they recovered 320.88 Bitcoin this week after the cryptocurrency was returned to an official wallet. At the time of writing, the coins were worth about $21.3 million, according to The Chosun Daily.

320 Bitcoin Recovered, Suspect Still Sought

The Gwangju District Prosecutors’ Office said the Bitcoin, stolen in August 2025, was discovered missing during a routine inspection on Jan. 23. Authorities attributed the theft to a phishing attack after access credentials were exposed.

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The returned funds were later moved to a secure domestic exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term wallet. Prosecutors requested local exchanges to freeze the hacker’s wallet, limiting the ability to liquidate the assets, but did not provide a reason for the return.

“We will do our best to arrest the suspect regardless of the recovery of the bitcoin,” the office told Digital Asset Works.

🚨 JUST IN: South Korean prosecutors have recovered $21M in stolen Bitcoin after a hacker returned the funds when authorities blocked related exchange transactions. The hacker’s identity is still unknown. pic.twitter.com/brAXiVKfcZ

— The Daily Block (@thedailyblock) February 19, 2026

Seoul Police Lose 22 Bitcoin, Probe Continues

The recovery follows a separate incident in Seoul, where 22 Bitcoin, worth about $1.5 million, vanished from police custody. The coins had been voluntarily submitted in November 2021 and were transferred externally, though the cold wallet itself was not stolen. The Gyeonggi Northern Provincial Police Agency is investigating the missing 22 Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.

High-Value Hacks Dominate Crypto Theft Trends

Crypto theft reached $3.4 billion in 2025, driven largely by a few high-value breaches, according to Chainalysis. North Korea-linked actors were responsible for at least $2 billion in stolen cryptocurrency.

While large exchange and custodial hacks accounted for most losses, thefts from individual wallets also rose, affecting tens of thousands of users.

The report highlighted evolving attack methods, including social engineering and impersonation, and noted that a small number of incidents continued to drive the majority of stolen funds. Analysts say these trends underscore persistent security risks across the crypto ecosystem.