South Korea Supreme Court: Bitcoin Held on Exchanges Can Be Seized

Published at 2026-01-08 16:15:18

On Jan. 8, 2026 the South Korean Supreme Court upheld that bitcoin kept on cryptocurrency exchanges is subject to seizure under criminal law, dismissing the defendant’s appeal. The ruling confirms that assets held on custodial platforms can be treated as forfeitable property in criminal investigations and will serve as binding precedent for lower courts, clarifying a long‑standing legal question about custody and control. The decision matters because it strengthens law enforcement’s ability to freeze and claim exchange-held crypto, pushing exchanges to bolster compliance, record-keeping and rapid cooperation with prosecutors. Traders, institutional investors and retail users now face clearer custody risk, which may encourage more self-custody and prompt lawmakers and platforms to define stronger safeguards and due‑process procedures going forward.

Share on:

Related news

Bitcoin’s 2-Year Weekly Trend Breaks After Close Below Key Moving Average

Bitcoin’s weekly candle closed below a key long-term moving average for the first time in about 30 months, ending a roughly two-year streak. Traders warn the break could open the door to fresh price lows if follow-through appears.

Published at 2026-02-23 20:00:09
Michael Saylor’s $54B Bet: Largest Corporate Bitcoin DCA Reaches 717,131 BTC

Michael Saylor’s dollar-cost-averaging corporate strategy now holds 717,131 BTC — worth over $54 billion — as it enters its seventh year. The accumulation remains the largest corporate Bitcoin DCA on record.

Scaramucci Presents 'Intellectually Defensible' Bull Case for Bitcoin

Anthony Scaramucci, founder of SkyBridge Capital, presented what he called an "intellectually defensible" bullish case for Bitcoin. He framed the argument around limited supply and growing institutional demand.

Published at 2026-02-23 17:30:38
Engie Eyes Bitcoin Mining or Storage at New Brazil Solar Farm

Engie said it is weighing energy storage systems or Bitcoin mining data centers for a major new solar plant in Brazil as a way to lift the project's profitability.

Bitwise CIO Predicts All Central Banks Will Hold Bitcoin by 2050

Bitwise CIO Matt Hougan said he expects every central bank to hold Bitcoin by 2050, responding to recent criticism from the founder of Sevens Reporter. His prediction frames Bitcoin as a potential long-term reserve asset amid rising institutional interest.