2026-01-09 12:23:00

The Supreme Court of South Korea recently made a key ruling: Bitcoin stored on centralized exchanges can be officially seized under the law. This means that Bitcoin has been formally included within the scope of seizure under criminal procedure law.

This ruling has a significant impact on the Korean trading market. Users of platforms like Upbit and Bithumb should take note—if their accounts are involved in criminal cases, their digital assets may be directly frozen or seized.

This reflects a trend: judicial authorities in various countries are increasingly treating crypto assets as real assets and incorporating them into the legal enforcement framework. For exchange users, this is both a risk warning and an indication that assets are legally better protected—provided that operations are legal.

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LiquidationKing

· 10h ago

Good grief, now centralized exchanges have really become ATM machines for judicial authorities. Speaking of which, us retail investors have always been the group with little privacy. This ruling is actually quite ironic; protection and regulation are both in place, but it’s really not a pleasant situation. South Korea’s move is okay, but for us, we need to be more cautious. To put it simply, CEX is just handing over assets to others for safekeeping; once the law intervenes, everything is over.

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OnChainSleuth

· 11h ago

Ha, now exchanges can't freely deposit and withdraw, on-chain transactions still work, but centralized ones are doomed. --- So avoiding gray projects is the real key; compliant users actually get an extra layer of protection. --- Korea is causing trouble again, now I have to consider cold wallet solutions. --- Wait, does this mean assets are legally recognized? Can victims of scams recover their funds? --- The last bastion of centralized exchanges is gone; the era of decentralization has arrived. --- The question is, who defines "illegal"? Today's gray areas could become tomorrow's red lines. --- I've been saying not to keep coins on exchanges, and it turns out I was right. --- It's quite ironic—digital assets are becoming more "normal," but users are at greater risk. --- This decision is actually quite two-sided; compliant users are happy, while wrongdoers are crying.

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ProbablyNothing

· 01-09 12:42

Oh no, there's really nowhere for centralized exchanges to hide now. Korea's move is quite ruthless. Here we go again, with regulations tightening more and more. It feels like keeping your coins on an exchange is just like being in a court record. Can you get protection under legal operation? Uh... sounds good, but it always feels a bit ironic. This ruling is a nightmare for those trying to arbitrage or evade. Well, I still believe in this trend. So now, holders should consider cold wallets? This news is a bit bleak. Anyway, at least assets are officially recognized, which is better than being considered an air coin.

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wrekt_but_learning

· 01-09 12:37

Damn, it's going to be frozen again. I still have to honestly pay taxes.

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