🚨 SHOCKING: South Korean Prosecutors Lose $48M in Seized Bitcoin to Phishing!
In a massive irony, the Gwangju District Prosecutors' Office has confirmed they are investigating the disappearance of approximately $47.7 million (70 billion won) in seized $BTC
What Happened?
The assets were tied to a criminal case and were being held by the state. During a routine asset inspection in late 2025/early 2026, the following was discovered:
The Breach: An official reportedly accessed a fraudulent "phishing" website while checking the seized assets.
The Leak: Security credentials (passwords/private keys) were exposed, allowing attackers to drain the state-controlled wallets.
The Assets: Some reports suggest up to 320 BTC were stolen—funds originally confiscated from illegal gambling operations.
💡 Why This Matters for You:
Even "Pros" Fail: If a government agency can fall for a phishing scam, any retail trader can.
Custody Matters: The prosecution was reportedly using physical USB drives (hardware wallets), but the human element (connecting to an internet-enabled device and clicking a bad link) was the weak point.
Security 101: Never enter your seed phrase or passwords on any website, even if it looks like a "government" or "official" portal.
🛡️ How to Protect Your Assets:
Bookmark Official Sites: Only access your wallets/exchanges through bookmarked links.
2FA is a Must: Always use hardware-based 2FA (like Yubikey) or Authenticator apps.
Air-Gapped is King: If you use a hardware wallet, never type your recovery phrase into a computer.
🖼️ Image Ideas for Binance Square:
Image 1: A picture of a physical Bitcoin with a "Fishing Hook" pulling it away. Caption: "The $48M Phish."
Image 2: A split screen showing the Gwangju District Prosecutors' Office building and a "Phishing Warning" alert.
Image 3: A screenshot of a $BTC chart with an arrow pointing at a local dip, titled "State-Level Paper Hands?"
Hashtags:
#SouthKorea #BitcoinNews #CryptoSecurity