South Korean authorities have found a Bitcoin wallet with 320.88 BTC

hodl_therapist · 2026-02-05T16:06:36+00:00

The Gwangju District Prosecutor's Office in South Korea discovered a significant lost Bitcoin wallet containing 320.88 BTC. The wallet, previously thought to be inaccessible, has not seen any transactions since its discovery, reflecting the ongoing efforts of authorities to track large digital assets. The value of the Bitcoin has significantly decreased from approximately $29.8 million to around $21.67 million due to market fluctuations.

hodl_therapist

2026-02-05 16:06:36

Abstract generation in progress

The Office of Prosecutors of the Quangju District in South Korea has discovered a large Bitcoin wallet that was considered lost. The digital asset contains 320.88 BTC, which is a significant amount in the cryptocurrency world. The discovery of this wallet attracted attention due to its size and the circumstances of its finding.

Official Discovery of the Lost Asset

According to data obtained from NS3.AI, the wallet was marked as lost in tracking systems. Information disseminators indicated that this asset was considered inaccessible for a long time. A key moment occurred on August 21, 2025 — the funds were transferred to an unknown address, raising suspicions about the wallet’s status.

The finding of this cryptocurrency asset by South Korean law enforcement demonstrates ongoing efforts by authorities to locate and track large digital assets within their jurisdiction.

Funds Status and Investigation

As of January 27, 2026, the funds remain in the wallet without further movement. Over the past two weeks, up to February 5, 2026, no activity has been registered in this wallet. This indicates that Bitcoin remains in the same state as when it was discovered.

It is important to note that the value of these funds has changed since their discovery. While the initial valuation of 320.88 BTC was approximately $29.8 million, at the current rate of $67,560 per unit, the estimated value is about $21.67 million. This decrease in value reflects the overall market fluctuations in cryptocurrencies from August 2025 to the present.

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