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Tag: South Korea

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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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South Korea Tax Agency Accidentally Exposes Crypto Recovery Phrase
A leaked wallet recovery phrase led to a $4.8M token transfer, raising concerns over South Korea’s crypto custody controls.
South Korea’s National Tax Service (NTS) is facing criticism after a major security lapse involving seized digital assets. A public press… Read full article
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South Korea’s tax office leaks wallet seed and loses $4.8M in seized tokens
South Korea’s National Tax Service reportedly published a wallet seed phrase in a press release, with tokens worth $4.8 million swiftly drained in the latest custody blunder for authorities. Read full article
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South Korean Police Mishandled $1.4M In Bitcoin: Suspects Arrested
In a twist that feels more like a dark comedy than a procedural drama, police officers from the Gangnam Police Station in Seoul have been caught mishandling seized Bitcoin. They did not just misplace a password, they effectively handed the… Read full article
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Two arrested after South Korean police lost $1.4M in Bitcoin
Police seized the Bitcoin in 2021 but stored it in a third-party wallet, which was later accessed by unauthorized parties, with the loss remaining undiscovered for four years. Read full article
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Two arrested after South Korean cops lost $1.4M in Bitcoin
Local police seized the Bitcoin in 2021 but stored it in a third-party wallet that was later compromised, with the theft going unnoticed for four years. Read full article
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