South Korea’s Supreme Court formalizes crypto asset seizure rules

South Korea’s Supreme Court has formalized rules for seizing crypto assets, clarifying how creditors can collect tokens held by debtors and how exchanges must comply with court orders. The framework is intended to make enforcement more predictable for creditors and to tighten compliance across domestic trading platforms. It also raises questions about enforcement against assets held in self-custody wallets, which sit outside exchange control. The ruling matters because it gives South Korean courts and creditors a standardized process for reaching crypto holdings in insolvency and debt cases. What to watch next is how exchanges implement the procedures and whether further guidance addresses self-custodied tokens.