South Korea’s National Tax Service reportedly leaked a wallet seed phrase in a press release, leading to a loss of $4.8 million in seized tokens. According to reports, the tokens were quickly drained following the publication of the seed phrase. This incident represents a custody blunder for the South Korean authorities. The development highlights the challenges and risks associated with securing and managing digital assets, especially in the context of government seizures and custody.

South Korea’s National Tax Service reportedly leaked a wallet seed phrase in a press release, leading to a loss of $4.8 million in seized tokens. According to reports, the tokens were quickly drained following the publication of the seed phrase. This incident represents a custody blunder for the South Korean authorities. The development highlights the challenges and risks associated with securing and managing digital assets, especially in the context of government seizures and custody.