South Korea's Tax Agency Exposes Crypto Wallet Seed, Leading to $4.4M Theft

The National Tax Service of South Korea publicly exposed the mnemonic recovery phrase of a seized cryptocurrency wallet, resulting in the theft of approximately $4.4 million in digital assets. The wallet was part of a law enforcement operation that confiscated assets worth 8.1 billion won from high-value tax evaders. The incident has raised questions about the security measures in place for managing virtual assets by government agencies.