South Korea’s Supreme Court promulgated Rule No. 3280 on October 12, 2026, with the framework taking effect on November 1, 2026. It establishes procedures for courts to freeze, seize and sell a debtor’s crypto assets in civil cases. Holdings on platforms such as Upbit or Bithumb are legally treated as withdrawal claims, allowing courts to immobilize them and require the platforms to disclose the debtor’s assets within one week. Self-custodied crypto can also be seized, either transferred directly to the creditor or sold through licensed virtual asset service providers. The rule also introduces provisional measures to prevent debtors from moving assets before a final judgment.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
