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885 South Korean Police Lose Seized Crypto By Posting Password Online

Slashdot
BeauHD @ Slashdot · 03/02/2026 11:00 EDT

South Korean Police Lose Seized Crypto By Posting Password Online

South Korean tax authorities lost millions in seized cryptocurrency after publishing high-res photos of Ledger hardware wallets that clearly displayed the wallets' seed phrases, allowing an unknown party to drain the funds. Gizmodo reports: South Korea's National Tax Service seized crypto assets during recent enforcement actions against 124 high-value tax evaders, but now, a large chunk of that crypto cash has been lost. The operation originally resulted in the confiscation of crypto holdings worth about 8.

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