# South Korean Police Begin Moving Seized Crypto to Upbit Custody

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/52805
Published: 2026-11-10T04:28:33.000Z
Updated: 2026-11-10T04:28:33.000Z
Section: Regulation

> The assets will be kept in offline wallets. Dunamu will cover transfer charges and 100% of losses involving assets in its custody.

South Korea’s National Police Agency began moving cryptocurrency seized in criminal investigations to Dunamu’s Upbit Custody service Monday, replacing separate hardware-wallet storage across its investigative units.

Police will hold the assets in wallets disconnected from the internet. They can later be returned, released provisionally or sent to prosecutors with the case. The service will guide police through transfers based on each asset’s requirements around the clock, cover transfer charges and compensate the agency for 100% of losses involving assets in its custody.

Police units previously purchased their own hardware wallets and managed the assets themselves. Dunamu was selected as the final contractor through public procurement in August, and the contract runs for one year.

The change follows a 2021 illegal gambling investigation in Gwangju. Police began seizing 1,798.3 Bitcoin (BTC) in the case but secured 320.8 BTC after someone used a recovery phrase — words that restore access to a wallet — to move funds.