Authorities sold the recovered Bitcoin in small batches over 11 days to avoid disrupting the market, according to local media reports.
South Korean prosecutors have sold 320.8 Bitcoin recovered after a phishing incident temporarily removed the crypto from government custody.
The Gwangju District Prosecutors’ Office said it sold 320.8 Bitcoin (BTC) at market prices and transferred 31.59 billion Korean won (about $21.5 million) to the national treasury, The Chosun Ilbo reported Tuesday.
Authorities reportedly sold the Bitcoin in small batches over 11 days between Feb. 24 and March 6 to avoid disrupting the market.
