South Korea's National Police Agency has opened its fourth bidding process to appoint a custodian for seized virtual assets, raising the budget 3.2-fold to 267 million won, with a bid deadline of June 24.
According to NS3.AI, critics said the tender requirements may be structured in a way that favors large won-denominated cryptocurrency exchanges over smaller custody firms.
The agency is seeking a provider to handle custody services for virtual assets it has seized.
South Korea Police Raise Seized Crypto Custody Budget to 267 Million Won in Fourth Bid
2026-06-11 22:48:15
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