South Korean authorities have arrested two individuals for allegedly stealing 22 bitcoins from the Gangnam Police Station's evidence vault. The Gyeonggi North Provincial Police Agency confirmed the arrests on February 25, 2026. The bitcoins, valued at approximately $1.5 million, were initially seized in November 2021 during the "A Coin Foundation" hack investigation. The suspects reportedly exploited a security lapse, as the police stored the assets in a cold wallet provided by the foundation rather than an officially regulated hardware wallet. This allowed the suspects to transfer the bitcoins using mnemonic phrases via telecommunications networks. The stolen bitcoins have not yet been recovered. Additionally, a former police officer involved in the case was sentenced to 18 months in prison in August 2024 for accepting bribes from the foundation.