Crypto World
Best Crypto Presale: DeepSnitch AI Surges 200% as Web3 Companies Go All-In on AI Technology
Messari just replaced its CEO and laid off staff to become an AI company. The crypto data firm that built its reputation on human-driven research is now opening its data layer to autonomous AI agents and repositioning entirely around artificial intelligence.
Messari spent years building the human research model before concluding AI had to replace it. DeepSnitch AI started there. Five live AI agents running today, and a TGE confirmed for March 31st on Uniswap.
While Messari restructures its entire company to catch up to where AI-native crypto intelligence is heading, DSNT is already operating inside that future, and the best crypto presale opportunity closes in weeks.
Messari pivots to an AI-first strategy
Messari has announced layoffs alongside a leadership transition, with founder-era CEO Eric Turner stepping down in favor of longtime CTO Diran Li, who is repositioning the crypto data firm as an “AI-first company serving institutions through research and AI products.”
The restructuring follows previous workforce reductions in 2023 and 2025, suggesting ongoing pressure on crypto-native data businesses to find sustainable revenue models.
Messari’s transformation reflects a broader industry pattern: crypto-native companies are increasingly reorienting around AI as the primary growth vector. As institutional demand shifts toward AI-powered research and autonomous agent infrastructure, the line between crypto data providers and AI companies is rapidly dissolving.
Top 3 best crypto presales to buy in 2026
DeepSnitch AI
Messari just concluded that human-driven crypto research can’t compete with AI-native intelligence, and restructured its entire company around that conclusion. DeepSnitch AI reached the same conclusion before writing a single line of fundraising copy and built the product first.
That sequencing matters. Messari is now racing to open its data layer to autonomous agents. DeepSnitch AI’s five AI agents have been running continuously since before this presale launched.
The same institutional demand that forced Messari’s restructuring is the demand DeepSnitch AI was designed to serve at the retail level: real-time, AI-driven market intelligence that doesn’t require a research team or a Bloomberg terminal to access.
The market has already started pricing that in, naming DeepSnitch AI the best crypto presale of 2026.
$2.2M raised during a bear market, the same conditions Messari called difficult enough to justify layoffs. That capital arrived because investors looked at a working platform and made a deliberate call about where AI-native crypto intelligence is heading.
The March 31st TGE is the fixed point that everything converges on. After the presale closes, a 7-day claim period opens for tokens, presale bonuses, and staking rewards.
Messari took years to conclude that AI had to replace its old model. The market won’t wait that long to reprice a live AI-native trading platform hitting public markets for the first time. At $0.04487, that repricing hasn’t happened yet for DeepSnitch AI.
Based Eggman
Based Eggman (GGs) sold out two presale stages and raised over $311,000. Built on Base, the project accesses low fees and institutional ecosystem credibility that meme coins on congested networks can’t match.
The token combines play-to-earn gaming and community events in one ecosystem. Multiple demand drivers give holders real reasons to hold beyond listing day. That’s more ambitious than the single-feature offerings crowding this space.
The ambition is also the risk. Building gaming, streaming, and social infrastructure simultaneously at the presale stage is complex. Projects that spread across too many verticals early tend to underdeliver across all of them.
Pepeto
Pepeto raised over $8M, building dedicated infrastructure for the meme coin ecosystem. Dual audits from SolidProof and Coinsult add security credibility that most projects at this stage skip.
The differentiation challenge is real. DEX functionality, bridging, and staking have become baseline expectations, not advantages. The crowded field moved while Pepeto was building.
The broader headwind compounds it. Investors rotate toward utility-focused and TradFi-adjacent projects. Building infrastructure for a contracting market segment creates structural demand risk that community enthusiasm alone doesn’t solve.
Closing thoughts
Messari fired staff to become an AI company. The writing is on the wall: manual crypto research is ending, and AI-native intelligence is taking over. DeepSnitch AI was already there, which is why it is considered the best crypto presale of this year. Live tools, $2.2M raised, 200% presale gains, and a March 31st Uniswap launch confirmed.
DSNT delivers a working AI intelligence layer at the exact moment Messari’s restructuring confirms that’s where the industry is heading. A $10,000 position with the DSNTVIP150 code adds a 150% token bonus before the first listing candle prints.
Visit the official website for more information, and join X and Telegram for community updates.
FAQs
Which crypto presale coins offer the strongest early investor opportunities as AI reshapes the market?
The best crypto presales right now are DeepSnitch AI, Ozak AI, and Pepeto. DSNT leads with $2.2M raised, five live AI agents, and a confirmed March 31st Uniswap launch with 1,000x return potential backed by a working product.
What makes DeepSnitch AI one of the best early investor crypto deals heading into Q2 2026?
DeepSnitch AI stands out among early investor crypto deals because the product is already live. The protocol has five AI agents running daily, 200% presale gains, and a hard March 31st deadline before Uniswap listing and major CEX additions could follow shortly after.
How do token presale opportunities like Ozak AI and Pepeto compare to DeepSnitch AI right now?
Among current token presale opportunities, Ozak AI raised $6.4M with promising analytics tools, and Pepeto raised $7.8M with meme infrastructure, but DeepSnitch AI’s confirmed launch date and AI-first positioning make it the strongest complete opportunity available before Q2.
The post Best Crypto Presale: DeepSnitch AI Surges 200% as Web3 Companies Go All-In on AI Technology appeared first on Blockonomi.
An ex-Los Angeles County Sheriff’s Department deputy was sentenced to prison for his role in extorting victims alongside a jailed crypto figure.
Summary
- Former LA County deputy Michael Coberg was sentenced to 63 months in prison and ordered to pay $127,000 for assisting crypto founder Adam Iza in multiple extortion schemes.
- Prosecutors said Coberg received at least $20,000 a month and used his position to help detain victims, force crypto transfers, and orchestrate a drug-related arrest setup.
Michael Coberg, who served as a deputy with the department, was handed a 63-month prison sentence for helping jailed crypto founder Adam Iza extort victims.
He has also been ordered to pay $127,000 in restitution.
According to prosecutors, Coberg received at least $20,000 a month for his services from Iza, who founded the crypto trading platform Zort and was known as “The Godfather.”
The incident dates back to October 2021, when Coberg was part of a team that picked up a man identified only as “L.A.” amid a financial dispute tied to Iza.
Coberg then brought L.A. to Iza’s house, where Iza recorded a video and forced him to transfer $127,000 to his bank account while Coberg stood watch.
Subsequently, Coberg was also accused of taking the victim to a firing range, where Iza held him at gunpoint and demanded the transfer of funds.
Prosecutors further noted that Coberg conspired to set up another victim, identified only as “R.C.,” in a drug-related arrest scheme.
Prosecutors also noted that R.C. had been targeted in coordination with Christopher Cadman, another former deputy who has also pleaded guilty in the case.
Coberg pleaded guilty in September to conspiracy to commit extortion and conspiracy against rights. Meanwhile, Iza is currently awaiting sentencing after pleading guilty last year to extorting multiple victims.
Cases involving crypto-related extortion, often referred to as wrench attacks, have been on the rise in recent years. As previously reported by crypto.news, a couple in western Paris was held hostage and forced to transfer roughly $980,000 in Bitcoin, underscoring how physical coercion is increasingly being used to bypass digital security measures.
Bitcoin (BTC) is closing in on its average entry price for US spot BTC exchange-traded fund (ETF) investors at $79,900. The narrowing gap between Bitcoin’s market price and the ETF holders’ cost basis coincides with onchain data that shows early signs of accelerated buying from investors.
Bitcoin ETF breakeven level nears key trend test
Bitcoin’s sustained price rally above $70,000 puts a key investor cohort back in focus. The ETF cost basis level acted as support in mid-2024, and a break above this level brings many ETF holders closer to breakeven.
The flow data adds further context to this shift. According to Bitcoin researcher Axel Adler Jr., the ETF flows flipped positive after persistent outflows through mid-February.
The seven-day average has since moved to steady inflows, with daily flows peaking above 3,300 BTC on March 2. The ETF holdings have expanded to 1,291,618 BTC from 1,264,982 BTC, a 26,636 BTC increase over the past month.
Investors’ ETF cost basis also aligns with a key daily trend. A decisive move through this range marks a reclaim of the 100-day exponential moving average (EMA) on the daily chart for the first time since October 2025.
A move above the 100-day EMA signals a shift into a long-term uptrend, which also reinforces the bullish momentum. It also serves as a key trend filter where sustained price action above it often leads to continued upside gains.
Related: ‘Bitcoin Standard’ author explores reality where decentralized gold stopped WWI
Bitcoin buyers begin to outpace sellers
The order flow across major exchanges shows a gradual shift in market behavior. Crypto analyst Darkfost noted that the 30-day volume delta on Binance and Coinbase has turned positive after sustained selling pressure in February. Both the retail and institutional flows are now collectively skewing toward accumulation.
Bitcoin’s futures data reinforces this trend. Amr Taha noted that Binance’s cumulative volume delta (CVD) has rebounded by nearly $6 billion from its lows, tracking a rise in aggressive market buying since BTC traded near $63,000.
The metric remains below zero, though a significant portion of earlier sell pressure has now been absorbed during the recovery.
CryptoQuant data shows that short-term holder activity also aligns with this shift. The spent-output profit ratio (SOPR) metric, which shows whether coins are sold at a profit or loss, has moved back above 1, signaling that the selling pressure has eased and coins are now trading around or above their cost. Analyst miracleyoon said,
“While this capitulation was not as severe as the August 5, 2024, event (which saw SOPR approach ~0.9), the series of recent capitulation signals appears sufficient to have flushed out weak hands.”
The data suggests that Bitcoin remains on track to test the $80,000 level, but a move above the key breakeven zone may determine the strength and direction of the trend in the coming weeks.
Related: Bitcoin analysis sees $68K support as gold slips at key $5K level
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Crypto World
Cari Network launches tokenized deposit platform on ZKsync’s Prividium for US regional banks: Cari Network
Cari Network is building a bank-governed tokenized deposit platform on ZKsync’s Prividium stack, offering US regional lenders an onchain payments rail with stablecoin-like speed and transferability.
Cari Network has selected ZKsync’s Prividium stack to build a bank-governed tokenized deposit platform aimed at US regional banks. The platform will enable regional lenders to offer customers tokenized deposits that function like stablecoins in terms of speed and transferability, while retaining the benefits of traditional banking and compliance.
Prividium is purpose-built for institutions requiring privacy, compliance, and full data control, offering user-level privacy, compliance tools, cross-chain connectivity, and Ethereum-grade security. The move reflects growing interest from traditional financial institutions in integrating blockchain-based payment rails and tokenized assets into their existing services.
Sources: ZKsync Prividium | Banking Exchange
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Court Orders Remedial Reflex
In Buenos Aires, a court directed regulators to impose tight controls of access. The telecom regulator ENACOM also liaised with the internet companies to shut down the site. Google and Apple were also asked to take the app out of their stores. The reason why these actions are taken is to restrict access to the users in the country.
This has caused regulators to tighten their belts due to apprehension caused by activity associated with inflation data. It was reported that the platform made predictions of Argentina’s inflation rate in February before it was officially released. Besides, authorities reported that the prediction was altered minutes before publishing. This chain of events triggered the need to further research how the platform functions.
Researchers came to the conclusion that the platform served as a web-based betting platform. Regulators also said it enabled the users to participate in wagering without licenses. Also regulators were worried about access by minors. These results resulted in even tougher steps to be taken against the platform.
Latin America’s Crackdown Continues
The move is in line with other actions taken by Colombia. Polymarket was later blocked in the country due to similar complaints raised against unlicensed gambling services. Therefore, Argentina became the second country to ban the platform in the region. Such a trend underscores the developing regional integration in the area of regulatory enforcement.
Regulatory examination does not just end at Latin America; it extends to other markets. It has been reported that websites like Kalshi have been involved in court cases in the United States due to allegations of unregulated betting services. It has also been reported that unpaid wagers have been involved in cases of dispute that are associated with geopolitical activities. Regulators and legal authorities have paid more attention to such developments.
Polymarket has also addressed criticism by eliminating some of the markets. Additionally, the site has recently shut down a market for nuclear risk forecasts after being pressured by the publicity. More so, the shutdown was done through the high geopolitical tensions. This is in response to efforts to deal with concerns as the regulatory pressure persists. Argentina has imposed a nationwide ban on Polymarket following the discovery of unlicensed betting operations and a ban on platforms. The relocation is in line with the larger international desire to control prediction market sites and restrict illegal gambling solutions.
Two Democratic lawmakers in the US Congress have introduced legislation in response to “government corruption” over bets on prediction markets platforms.
In a Tuesday announcement, Texas Representative Greg Casar and Connecticut Senator Chris Murphy said they had introduced the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act after several Polymarket accounts made “highly unusual bets” that a war between the US and Israel against Iran would begin.
Murphy said on March 4 that it was likely that people with “inside information” of US President Donald Trump’s plan to bomb Iran had made the bets.
“We shouldn’t live in a country where someone sitting in the situation room making decisions about whether to invade or to bomb, decisions about war and peace, life and death, that those decisions could be driven by the fact that they have hundreds of thousands of dollars riding on the decision,” said Casar.
The bill is the latest twist in US lawmakers’ efforts to crack down on prediction market platforms and accounts allegedly using insider information to profit from government actions. Last week, California Senator Adam Schiff introduced the DEATH BETS Act to prevent prediction markets platforms from listing events contracts related to war, terrorism, assassination and individual deaths.
Related: Arizona AG files charges against Kalshi over ‘illegal gambling‘
Platforms like Polymarket and Kalshi offer bets on a variety of outcomes, including sporting events and US politics. However, users betting on the specifics of the US-Israel conflict with Iran have ignited controversy in many areas of government. On Monday, a military correspondent with the Times of Israel said that he had received death threats over his report of the date when an Iranian missile had struck Israel, all “in order to resolve a prediction on Polymarket.”
War-related bets still live on Polymarket
As of Tuesday, Polymarket still offered users the opportunity to place bets on the outcomes of several potential decisions in the US-Israel conflict against Iran, including on whether the US would send ground forces into the country, when a ceasefire might happen, and changes to Iranian leadership.
“The promise of prediction markets is to harness the wisdom of the crowd to create accurate, unbiased forecasts for the most important events to society,” said Polymarket in a note on Middle East markets. “That ability is particularly invaluable in gut-wrenching times like today. After discussing with those directly affected by the attacks, who had dozens of questions, we realized that prediction markets could give them the answers they needed in ways TV news and [X, formerly Twitter] could not.”
Kalshi, in contrast, offered event contracts related to the Iranian conflict but not on specific military actions, such as if the country might reach a nuclear deal with the US and whether Trump or other elected officials might visit Iran.
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Crypto World
Ripple to expand in Brazil with custody, payments, and brokerage services ahead of central bank approval push: Ripple
Ripple is adding custody, payments, and brokerage tools for digital asset management in Brazil as it prepares to seek regulatory approval from the country’s central bank.
Ripple is expanding its services in Brazil by adding custody, payments, and brokerage tools for digital asset management and tokenization. The blockchain firm plans to apply for regulatory approval from Brazil’s central bank to support these new offerings, marking a significant expansion of its presence in the Latin American market.
The move builds on Ripple’s earlier partnership with Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, which launched Ripple Payments as the first customer to utilize the firm’s managed end-to-end payments solution. This expansion reflects Ripple’s broader strategy to establish regulated operations across key markets while enabling faster and more efficient cross-border payment infrastructure.
Sources: Ripple Press
This article was generated automatically by The Defiant’s AI news system from publicly available sources.
Justin Sun-owned Poloniex has announced fee-free trading for any user who enrols in its “Poloniex Super” membership, which currently offers 30 days’ worth of fee-free “spot, margin, and futures trading.”
Poloniex has yet to announce what this membership will cost once the 30-day period has elapsed, though it does mention that “[a]fter the trial period ends, you will be automatically enrolled in the basic Super plan by default.”
This product announcement has led users to ask how Poloniex will make money without fees. Sun quickly explained that Poloniex has no need to make more money because “we already made enough from the bitcoin (BTC) we bought in 2012.”
Poloniex was founded in 2014 and therefore couldn’t possibly purchase any BTC in 2012, so presumably Sun is referring to BTC he purchased.
This statement that Poloniex can continue to operate based only on these profits brings to the forefront concerns about how Poloniex has managed the BTC in its reserves.
In 2020 Poloniex offered a new product, which it described at different times as “BTC on TRON” and “BTCTRON.”
This initial announcement described BTCTRON as “a type of wrapped BTC token that exists on the TRON blockchain.”
Poloniex’s Help Center provides us the contract address for this token, TN3W4H6rK2ce4vX9YnFQHwKENnHjoxb3m9.
Reviewing this contract address reveals that this token currently has a circulating supply of 17,545 BTC, worth approximately $1.3 billion.
Disturbingly, Poloniex’s so-called “proof of reserves” claims that Poloniex has a balance of only 11,090 BTC in its entire reserves and 11,082 of those are “User Balance.”
This is insufficient to reserve this tokenized BTC product.
Protos has previously repeatedly reached out to Poloniex during our past reporting on this product, and it has never been willing to provide the addresses that hold the BTC for this tokenized product.
We attempted to reach out to Poloniex again; however, it didn’t provide these addresses before publication.
Read more: FTX estate says Justin Sun still owes it millions
Increasing the concern about this product is how deeply it has been integrated into another Sun-owned exchange, HTX.
At HTX, typically there is more of this mysterious BTCTRON product, which provides no transparency, than real BTC.
As of the most recent HTX snapshot, dated March 1, there were a total of 21,362 BTC on HTX. BTCTRON accounted for 10,291 of those.
There are also an additional 1,212 BTC that are in the form of Sun-advised Wrapped Bitcoin.
What this means, taken as a whole, is that Poloniex will not disclose where the $1.3 billion in BTC that is supposed to collateralize this product is located.
Yet despite that fact, HTX is willing to make it a massive portion of its reserves, all while Sun claims that Poloniex can afford to offer “fee-free” trading because of the appreciation in the price of bitcoin.
Perhaps instead of making grandiose claims about the value of his BTC, Sun should instead work on solving the apparent BTC shortfall at the exchanges he owns.
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In one of its first actions since signing a memorandum of understanding with the Commodity Futures Trading Commission (CFTC), the US Securities and Exchange Commission (SEC) said it would interpret how “non-security crypto assets” fall under federal securities laws.
In a Tuesday notice, the SEC said its interpretation of how to address crypto assets would serve as an “important bridge” as lawmakers in the US Congress consider market structure legislation which will codify how financial regulators oversee digital assets.
The commission said the interpretation would provide a “coherent token taxonomy for digital commodities, digital collectibles, digital tools, stablecoins, and digital securities,” address how a “non-security crypto asset” may or may not be considered an investment contract under the SEC’s purview, and clarify federal securities laws on “airdrops, protocol mining, protocol staking, and the wrapping of a non-security crypto asset.”
“This is what regulatory agencies are supposed to do: draw clear lines in clear terms,” said SEC Chair Paul Atkins. “It also acknowledges what the former administration refused to recognize -– that most crypto assets are not themselves securities. And it reflects the reality that investment contracts can come to an end.”
According to Atkins’ prepared remarks for the DC Blockchain Summit on Tuesday, “only one crypto asset class remains subject to the securities laws” under the interpretation, and those were “traditional securities that are tokenized.” The commission called on market participants to review the interpretation to “better understand the regulatory jurisdiction between the SEC and CFTC” on cryptocurrencies.
Related: SEC, CFTC sign memo to regulate crypto, other markets in harmony
The SEC notice came as lawmakers in the US Senate continue to negotiate terms under which they may reach an agreement on a digital asset market structure bill. The legislation is expected to give the CFTC more authority in overseeing cryptocurrencies.
Shakeup in SEC enforcement leadership draws criticism
On Monday, the SEC announced that its enforcement division director, Margaret Ryan, resigned from the agency. Its principal deputy director, Sam Waldon, was named as acting enforcement director.
In response to Ryan’s departure, former SEC official John Reed Stark said “not a single person on this planet” believed the commission’s claims that the enforcement director prioritized investor protection and “renewed focus on holding individual wrongdoers accountable” at the agency.
“The SEC has abandoned its identity,” said Stark on Monday. “It has transformed from the cop on Wall Street’s beat into something far more troubling, a regulatory body that functions less like a law enforcement agency and more like a concierge service for the largest financial players in the country.”
A 19-year veteran of the regulator, Stark was founder and chief of the SEC’s Office of Internet Enforcement, according to his LinkedIn profile.
Atkins, along with SEC Commissioners Mark Uyeda and Hester Peirce — all Republicans — remain the only three leaders at the agency on a panel intended to consist of a bipartisan group of five members. As of Tuesday, US President Donald Trump had not announced any plans to nominate other commissioners to the SEC or CFTC, which had only one Senate-confirmed member.
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Institutional holders quietly added roughly 26,600 BTC to ETF positions during the recent recovery, a 2% increase in total holdings.
Bitcoin (BTC) touched $76,000 on March 17 to register its highest price level since early February, as institutional investors continued to put money into U.S. spot ETFs, extending a multi-day recovery streak coming after heavy outflows in February.
However, the rebound in demand is running into a key constraint, according to analyst Axel Adler Jr., with ETF investors still sitting on an average unrealized loss of $5,174, which he says could affect price action around the $80,000 mark.
ETF Flows Recover, But the $79,962 Realized Price Looms
In his latest market update, Adler said that spot Bitcoin ETF flows have gone through what he called a “full cycle” over the past month, going from capitulation in mid-February to a steady recovery in the last few weeks. According to him, from February 15 to 24, the seven-day average of ETF net flows stayed negative, hitting a low of about -1,883 BTC per day on February 18.
However, around February 25, the trend changed, with flows turning positive and peaking at about +3,387 BTC per day on March 2. Adler currently puts the seven-day average at around +1,472 BTC per day, with liquidity conditions also getting better. During the same period, the total number of ETF holdings rose by about 26,600 BTC, which is a little over 2%.
The analyst sees this change as a return of institutional demand after the earlier outflows. He does, however, point out that this demand is below a clearly defined level of resistance.
That level is the realized price for the ETF cohort, which Adler mapped at $79,962, an amount showing the average cost of buying an ETF for all investors. And with BTC trading just above $74,000 after earlier hitting a six-week high, it means the group still has an overall paper loss of over $5,000.
Adler described the gap as one of the most important structural features of the current market. This is because, as Bitcoin gets closer to the realized price, more investors will get closer to breaking even, which can make it more likely for them to sell. For that reason, the market technician says that the $80,000 region is a place where upward movement may slow down unless demand is strong enough to take in the potential extra supply.
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Market to Test Resistance Condition
At the time of writing, data from CoinGecko showed BTC up over 5% in the last 7 days and the same across 30 days. However, the uptick was almost 9% over two weeks, although performance still lagged year-on-year, with the asset shedding nearly 11% from its value in that time, keeping it over 41% below its all-time high.
For now, Adler is watching the $80,000 level as the key battleground.
“A spot close above $79,962 combined with sustained ETF net inflow above +2,000 BTC per day would signal a regime change,” he wrote in his analysis.
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South Korea’s National Police Agency has introduced new guidelines for handling seized cryptocurrencies after multiple security lapses.
Summary
- South Korea’s National Police Agency has drafted new guidelines to standardize how seized cryptocurrencies are stored and managed, including provisions for privacy-focused assets.
- The move follows a series of security lapses, including lost Bitcoin linked to custody failures.
The KNPA has drafted a directive outlining compliance requirements across multiple stages of crypto seizure, storage, and management, local media outlet Asiae reported on Tuesday.
As part of the measures, law enforcement would have to follow standardized procedures for managing wallet addresses, private keys, and software wallets, including specific provisions for handling privacy-focused assets that cannot be easily stored in hardware wallets.
“In the past, seized assets were stored in warehouses. Now we must manage wallet addresses and private keys,” a police spokesperson said in an accompanying statement.
Last month, South Korea’s finance minister Koo said the government, alongside the Financial Services Commission and the Financial Supervisory Service, would conduct a full inspection of digital assets held by public institutions and review how they are managed under enforcement processes.
Comments from the minister followed back-to-back security incidents that exposed weaknesses in custody practices across agencies.
In one case, Bitcoin seized in 2021 was lost after authorities relied on a third-party custodian without maintaining control over private keys, with the issue only coming to light following an internal probe.
Police arrested two suspects related to the theft of Bitcoin from wallets linked to seized assets, further underscoring gaps in internal controls.
A separate incident led to the Gwangju District Prosecutors’ Office losing roughly 70 billion won, about $48 million, in seized Bitcoin due to a phishing attack that exposed login credentials and enabled unauthorized transfers from a state-controlled wallet.
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