South Korea’s tax office leaks wallet seed and loses $4.8M in seized tokens

South Korea's tax office accidentally leaked the seed phrase for a cryptocurrency wallet, resulting in the loss of $4.8 million in seized tokens. The incident occurred when the office was attempting to transfer the assets, which were confiscated from tax evaders. Following the leak, the tokens were transferred to an unknown wallet, raising concerns about security protocols within government agencies. The tax office has since acknowledged the mistake and is reviewing its procedures to prevent future incidents.

Read the full article: Coin Telegraph