South Korea loses millions of seized Bitcoin to phishing scam: Report

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South Korean prosecutors lost $47 million worth of seized Bitcoin to a phishing scam, highlighting the risks of cyber attacks in the cryptocurrency space.

Market Impact

Market impact analysis based on bearish sentiment with 80% confidence.

Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Prosecutors in South Korea have reportedly lost $47 million worth of seized Bitcoin through a phishing attack and are investigating and tracking the theft.

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Full article on CoinTelegraph
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Original article published by CoinTelegraph on January 23, 2026.
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