South Korean police have launched an investigation into the alleged theft of cryptocurrency worth about $4.8 million that had been seized by the National Tax Service (NTS), after sensitive wallet information was inadvertently disclosed, the Korea JoongAng Daily reported.

The National Police Agency (NPA) said the case has been assigned to its cyberterrorism response division, which has begun a preliminary inquiry into the incident.

Authorities started analyzing the flow of the digital assets and tracking potential suspects after receiving a formal investigation request from the NTS on Feb. 27, according to the report.

The incident stems from a press release issued by the tax agency on Thursday to highlight its efforts to collect…