The Supreme Court of South Korea Permits Seizure of BTC on Exchanges
The court has officially recognized that BTC held on centralized exchanges (CEX) can be seized in criminal cases. The decision pertains to a case involving 55.6 BTC (approximately $5 million) confiscated from a suspect in a money laundering investigation. The court ruled that the cryptocurrency is subject to seizure, as it constitutes electronic information with economic value.
The ruling aligns with law enforcement practices in the US and the EU, allowing investigative authorities to request the freezing and seizure of digital assets directly through exchange accounts. At the same time, financial regulators are considering the possibility of freezing suspicious crypto accounts without a court order.
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