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South Korean authorities seized $5.6 million worth of crypto then accidentally posted pictures of the super-secret recovery phrase, resulting in the loss of… $4.8 million worth of crypto

South Korean authorities seized $5.6 million worth of crypto then accidentally posted pictures of the super-secret recovery phrase, resulting in the loss of… $4.8 million worth of crypto

If you’ve been having a bad week at work, I’m here to inform you that it could always be worse. South Korea’s National Tax Service carried out law enforcement raids resulting in the seizure of cryptocurrency assets worth $5.6 million late last month, gained from 124 tax-evading citizens.

Quite the win, you would have thought (via Ars Technica). However, the agency then proudly released photos of a hardware crypto wallet containing $4.8 million worth of the ill-gotten gains—alongside a handwritten note clearly displaying the wallet’s mnemonic recovery phrase.

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