Starting November 1, South Korean courts will implement standardized procedures to freeze and liquidate Bitcoin and other cryptocurrencies to recover unpaid debts. The Supreme Court's new Rule No. 3280 covers crypto held by exchanges and directly by debtors, allowing courts to block transfers and order asset delivery to enforcement officers. This aims to streamline civil debt enforcement as cryptocurrency use grows in legal cases, though recovery may be challenging if debtors control private keys. The rule also applies to ongoing cases with existing orders.
South Korea's new court process to seize Bitcoin for unpaid debts provides context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 13, 2026 16:31 WIB: out of 50 major cryptocurrencies, 7 rose and 42 fell. Notable moves include EOS rising 8.13% to Rp12.649, VET dropping 7.43% to Rp131, and AXS falling 7.41% to Rp20.719.
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