South Korean tax authorities have seized crypto from 5,741 citizens since 2020. Tax officials say the citizens in question were guilty of tax evasion or defaulting on tax bills.

KBS reported that data was released by the National Tax Service (NTS), following a freedom of information request from MP Jin Seon-mi of the National Assembly’s Planning and Finance Committee.

The latest data shows that $13.5 million worth of coins were seized from almost 500 individuals alone. These individuals, the NTS said, were top earners who pay the highest band of income tax.

In September, the NTS stated that it had seized a total of $186m worth of crypto from tax dodgers in the past two years.