#crypto-theft2 articles

2 articles

CryptoBearishCoinDesk · 3h ago1

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South Korea investigates seed phrase leak in photo leading to $4.8 million crypto theft from tax authority

South Korea's National Tax Service is investigating a $4.8 million cryptocurrency theft that occurred after the agency accidentally leaked wallet seed phrases in a photo intended to showcase a crypto seizure. The incident highlights serious security vulnerabilities in government handling of seized digital assets.

CryptoBearishBeInCrypto · 4h ago1

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S.Korea’s Tax Agency Leaked Crypto Master Key — and Got Robbed Twice

South Korea's National Tax Service suffered a major security breach after leaking a private key, resulting in hackers stealing 4 million seized PRTG tokens worth approximately $4.8 million in two consecutive thefts. The incident highlights serious concerns about government agencies' ability to securely manage confiscated digital assets.