South Korea Reports 3,000+ Virtual Asset Crime Cases Amid Lack of Recovery Tracking

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According to South Korea's Supreme Court in a December 2025 ruling, virtual assets including Bitcoin qualify as targets for asset seizure and forfeiture under law. However, no comprehensive statistics exist on actual recovery of seized or forfeited virtual assets. Court documents highlight the enforcement challenge: criminals increasingly convert illicit funds into virtual assets to evade tracking, as demonstrated in cases involving billions of won in transferred funds converted to untraceable digital forms.
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