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Tag: South Korea

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South Korea Tightens Control Over Seized Crypto After Security Failures
Key Takeaways

South Korea launches audit of seized crypto holdings.
Reform follows major custody and data leak failures.
Stricter security controls and legal clarity now in focus.


Deputy Prime Minister and Finance Minister Koo Yoon-cheol pledged a full-scale overhaul of… Read full article
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After Lost Bitcoins and Leak, South Korea Orders Crypto Audit
South Korea orders nationwide crypto audit after 22 BTC loss, $4.8M token leak, and major exchange crediting error.
South Korea has ordered a nationwide audit of seized cryptocurrency after a series of security failures exposed gaps in oversight.
The move… Read full article
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South Korea’s Tax Authority Accidentally Leaks Seed Phrase — $4.8 Million in Altcoins Gone in Minutes
A government press conference about fighting tax evasion just became the most expensive typo in South Korean history. Officials at the National Tax Service (NTS) held what should have been a routine announcement showcasing their crackdown on financial crimes. Instead, they handed thieves the… Read full article
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South Korea orders cross-agency probe after repeated crypto custody failures
Deputy Prime Minister Koo Yun-cheol ordered an inter-agency review of seized crypto wallets after the National Tax Service exposed a seed phrase in a press release. Read full article
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South Korea’s National Tax Service Publishes Seed Phrase Photo, Sparks Wallet Breach
South Korea’s National Tax Service (NTS) accidentally published a cryptocurrency wallet’s recovery phrase in a Feb. 26 press release, enabling the temporary transfer of roughly $4.8 million in seized tokens before the assets were returned hours later. NTS Press Release… Read full article
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Seized Crypto Stolen As South Korea’s Tax Authority Leaks Private Key
A piece of paper ruined everything. South Korea’s National Tax Service (NTS) published an official press release last Thursday meant to highlight its crackdown on tax dodgers — and somewhere in the process, a full wallet seed phrase was photographed,… Read full article
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