South Korea's Supreme Court has made a landmark decision: Bitcoin and other cryptocurrency assets held on exchange platforms are now explicitly subject to seizure under criminal law provisions. This ruling clarifies the legal status of exchange-held digital assets in the country, establishing that these holdings can be confiscated as part of criminal investigations or legal proceedings. The decision carries substantial implications for how crypto exchanges operate within South Korea's regulatory framework and affects users' understanding of asset protection and custody risk on centralized platforms.
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MetaMisery
· 01-11 23:03
Now the exchanges are truly unsafe. This move by Korea has turned all coins stored on exchanges into risky assets.
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MoonBoi42
· 01-11 15:33
Korea's move is really ruthless, exchange assets are directly no longer guaranteed? Hurry up and transfer to cold wallets, brothers.
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MetadataExplorer
· 01-10 06:03
This move by South Korea's Supreme Court really makes coins in exchanges unsafe... Self-custody is always the way to go.
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GamefiGreenie
· 01-08 23:49
Damn, now the retail investors will have to move their funds to cold wallets.
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DeFiGrayling
· 01-08 23:47
Damn, can the exchange's coins now be confiscated? Centralized exchanges are really becoming less and less secure. I still need to use a self-custody wallet...
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MEVSandwichVictim
· 01-08 23:40
Another piece of bad news, Korea really doesn't want us to have a good time.
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failed_dev_successful_ape
· 01-08 23:29
Another one, the risk of exchange assets being frozen. Now we really have to self-custody.
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OnchainGossiper
· 01-08 23:25
This move by Korea directly sentences centralized exchanges to death; cold wallets are the true way to go.
South Korea's Supreme Court has made a landmark decision: Bitcoin and other cryptocurrency assets held on exchange platforms are now explicitly subject to seizure under criminal law provisions. This ruling clarifies the legal status of exchange-held digital assets in the country, establishing that these holdings can be confiscated as part of criminal investigations or legal proceedings. The decision carries substantial implications for how crypto exchanges operate within South Korea's regulatory framework and affects users' understanding of asset protection and custody risk on centralized platforms.