
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 8.1 billion won, or roughly $5.6 million. However, officials later issued a press release to showcase these efforts in recovering delinquent taxes, and the release included photographs of Le...