South Korea's National Tax Service Ledger cold wallet seed phrase exposure
Data Leak
Summary
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The South Korea's National Tax Service publicly exposed the mnemonic recovery phrase for a seized Ledger cold wallet, creating immediate risk that anyone could control the stored crypto assets. Shortly after the leak, 4 million PRTG tokens were transferred out of the wallet, with losses reported at roughly $4.4 million to $4.8 million. The exposure mattered because the seed phrase functioned as the wallet's master key and bypassed the device, PIN, and permission controls.
Related Happenings
Tangem crypto wallet card unpatchable laser password reset security flaw
Vulnerability
H score34
First: 10.07.2026 17:51
Last: 10.07.2026 17:51
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About this happening:
A Tangem crypto wallet card vulnerability lets a precisely timed laser pulse reset the card's password, creating a path for a thief with the physical card to take control...
Tangem crypto wallet card unpatchable laser password reset security flaw
VulnerabilityAbout this happening: A Tangem crypto wallet card vulnerability lets a precisely timed laser pulse reset the card's password, creating a path for a thief with the physical card to take control...
Timeline
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28.02.2026 17:17 2 articles · 4mo ago
NTS exposes Ledger wallet seed phrase and a drain follows
Initial DisclosureSouth Korea’s National Tax Service publicly exposed the mnemonic recovery phrase for a seized Ledger cold wallet tied to 124 high-value tax evaders, and shortly afterward 4 million Pre-Retogeum (PRTG) tokens were transferred out of the wallet in three transactions after a small Ethereum (ETH) gas deposit, with losses reported at about $4.4 million to $4.8 million and the press release later removed from the NTS website.
Show sources
- $4.8M in crypto stolen after Korean tax agency exposes wallet seed — www.bleepingcomputer.com — 28.02.2026 17:17
- $4.8M in crypto stolen after Korean tax agency exposes wallet seed — www.bleepingcomputer.com — 28.02.2026 17:17