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South Korean Tax Agency Exposes Wallet Seed, $4.8M in Crypto Stolen

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South Korea’s National Tax Service (NTS) accidentally exposed the mnemonic recovery phrase of a seized cryptocurrency wallet during a press release, leading to the theft of $4.8 million in crypto assets. The funds were stored in a Ledger cold wallet confiscated during raids on tax evaders. The recovery phrase, visible in photos released by the NTS, allowed attackers to transfer 4 million Pre-Retogeum (PRTG) tokens to a new address. The NTS has since removed the press release, and no investigation details have been disclosed. This incident highlights the critical importance of securing wallet seed phrases and the risks of exposing them publicly.

Timeline

  1. 28.02.2026 17:17 1 articles · 3h ago

    South Korean Tax Agency Exposes Wallet Seed, $4.8M in Crypto Stolen

    The National Tax Service (NTS) of South Korea accidentally exposed the mnemonic recovery phrase of a seized cryptocurrency wallet in a press release. This exposure led to the theft of $4.8 million in crypto assets, as attackers transferred 4 million Pre-Retogeum (PRTG) tokens to a new address. The NTS has since removed the press release, but no investigation details have been disclosed.

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