Clueless cops post seized crypto wallet password (ars)

quote bleepingcomputer.com:

The authorities failed to redact that info, allowing anyone to transfer into their account the assets in the cold wallet.

Reportedly, shortly after the press release was published, 4 million Pre-Retogeum (PRTG) tokens, worth approximately $4.8 million at the time, were transferred out of the confiscated wallet to a new address.

https://www.bleepingcomputer.com/news/security/48m-in-crypto-stolen-after-korean-tax-agency-exposes-wallet-seed/

#cryptocurrency #token #prtg #cryptowallet #wallet

$4.8M in crypto stolen after Korean tax agency exposes wallet seed

South Korea's National Tax Service accidentally exposed the mnemonic recovery phrase of a seized cryptocurrency wallet in an official press release, allowing hackers to steal 6.4 billion won ($4.8M) worth in cryptocurrency.

BleepingComputer

Episode 106 - Lost Bitcoin Billions - Are Your Crypto Assets Safe #crypto #cryptowallet #wallets

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A crypto operational mistake allegedly cost South Korea nearly $4.8M.

Authorities shared images celebrating seized assets from tax evaders - but one photo reportedly revealed the recovery phrase of a hardware wallet.
Within hours:
• Attacker funded gas fees with ETH
• 4M PRTG tokens transferred
• ~$4.8M gone
A reminder that OpSec failures can compromise even offline crypto storage.

Source: https://www.generation-nt.com/actualites/crypto-coree-sud-fisc-perte-seed-phrase-2071790

What safeguards should governments implement for seized digital assets?

Join the conversation and follow TechNadu for more cybersecurity and cybercrime coverage.

#CyberSecurity #CryptoSecurity #Blockchain #DigitalAssets #InfoSec #CryptoWallet #CyberCrime #OpSec #ThreatIntel

Oops: South Korean cops lost $5M in seized crypto after leaking wallet password https://arstechni.ca/CvzQ #cryptocurrency #cryptowallet #coldwallet #Policy
Clueless cops post seized crypto wallet password. $5M quickly stolen.

South Korean police deeply apologized for preventable loss of seized funds.

Ars Technica

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Neynar Acquires Farcaster: Haun-Backed Wallet Pivot Shocks Crypto Social

https://buff.ly/wqSaR7S

I find this acquisition fascinating—Farcaster's founders ditched their social network ambitions to double down on wallets, handing the keys to Haun-backed Neynar in a move that consolidates power in crypto infrastructure.

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Some people never learn OR is this a case of learning how to grift bigger and better?

Ex NYC Mayor Adams accused of a rug pull crypto scam. https://nymag.com/intelligencer/article/eric-adams-crypto-scandal-nyc-carone-cullen-zvieli.html #Crypto #CryptoCurrency #RugPull #Scam #NYC #$NYC #MarketMaker #CryptoWallet #Grift #DigitalToken

Ghana parliament pass the Virtual Asset Service Providers Bill

GTech Booster

Crypto Hacking = BIG Business!

Chainalysis reports that more than $3.4B in cryptocurrency has been stolen in 2025 (flat overall with 2024).

North Korea remains dominant crypto threat actor with North Korean hackers having a banner year pilfering ~ $2.02B, a 51% increase over last year.

While the total # of hacks is down, there has been a shift toward dramatically larger attacks, with the top three hacks accounting for 69% of losses. Individual wallet compromises jumped up to 158,000 incidents affecting 80,000 unique victims in 2025.

https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2026/ #Chainalysis #Crypto #CryptoCurrencies #CryptoHack #DPRK #NorthKorea #CryptoLaundering #Hackers #CryptoWallet