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Police probing unauthorized crypto transfer after NTS inadvertently shared wallet recovery phrase

Police probing unauthorized crypto transfer after NTS inadvertently shared wallet recovery phrase

A Cold Wallet seized from a delinquent taxpayer and a phrase believed to be a mnemonic code appear in a photo attached to the National Tax Service’s press release on Feb. 26. [NATIONAL TAX SERVICE]

A Cold Wallet seized from a delinquent taxpayer and a phrase believed to be a mnemonic code appear in a photo attached to the National Tax Service’s press release on Feb. 26. [NATIONAL TAX SERVICE]

 

Police are investigating the unauthorized transfer of cryptocurrency seized by the National Tax Service (NTS), which accidentally disclosed a cryptocurrency wallet recovery phrase — a series of words that allows access to and restoration of a crypto wallet — in a press release photo. 

 

The issue traces back to a press release on Thursday. The NTS stated that it had seized four Cold Wallet devices — offline devices used to store cryptocurrency — from a drawer at the residence…

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