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Tag: South Korea

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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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