Revamped System Allows Prosecutors to Swiftly Return Confiscated Crypto Assets

Confiscated cryptocurrency assets used in crimes are now being returned more efficiently. Investigators no longer need personal accounts; they use a corporate one linked to the prosecutors’ office. This system, made with the FIU and exchanges, sells assets for Korean won withdrawal. Around 100 types of virtual assets worth 27 billion won are held; 1.4 billion won’s worth have sentences, and 1 billion won’s worth has been sold. This quicker process aids in returning criminal profits promptly.

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