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Tag: South Korea

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South Korea To Review Seized Crypto Custody Practices After Recovery Phase Leak Incident
South Korean financial authorities have pledged to revise their crypto custody practices following public scrutiny over multiple incidents that led to the loss of nearly $30 million in seized digital assets over the past few months.

Authorities Move To Enhance… Read full article
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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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