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South Korean police arrested two individuals involved in the unauthorized access to a third-party wallet containing $1.4 million in Bitcoin, which was seized in 2021. The cryptocurrency was stored in an external wallet for four years before the breach was discovered, highlighting vulnerabilities in crypto storage practices. The incident raises concerns about the security of digital assets held by public institutions and third-party custodians. This case may impact investor confidence in cryptocurrency storage solutions and regulatory scrutiny over digital asset management.
