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? $48M IN SEIZED BITCOIN LOST ๐จ
South Korea has reportedly lost $48 million worth of seized $BTC after a government employee was tricked by a phishing scam.
๐ The attacker used a fake website
๐ Wallet credentials were exposed
๐ธ Around 70 billion won in Bitcoin disappeared
The incident was discovered during a routine audit at the Gwangju District Prosecutorsโ Office, highlighting major weaknesses in how seized crypto assets are stored and protected.
This goes beyond a single mistake โ itโs a serious warning for global crypto custody โ ๏ธ
Even government-controlled wallets arenโt immune to cyber threats.
๐ Authorities are still trying to trace the missing $BTC
๐ Markets are paying close attention
โ๏ธ Regulators may need stricter security standards for seized digital assets
If governments can lose $BITCOIN what does that mean for crypto security overall?
#Bitcoin #phishingattack
#SouthKorean #korean #BlockchainNews