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#SouthKoreaSeizedBTCLoss $48M Bitcoin VANISHES from Government Custody! 😱💸
Hey Binance KY fam! You won't believe this plot twist... South Korean prosecutors just became the latest victims of a crypto heist, but here's the kicker they were supposed to be the ones protecting these assets! 🤯
📋 What Went Down?
The Gwangju District Prosecutors' Office (yes, the actual government!) discovered that approximately 70 billion won (~$48 million USD) worth of seized Bitcoin has mysteriously disappeared from their custody.
🎣 The Culprit? A Simple Phishing Attack!
Here's where it gets wild: • An employee clicked on a fraudulent website (classic phishing trap! 🪝) • Wallet passwords were compromised • The BTC was stolen during "official storage" • Discovered only during a routine audit in January 2026 📅
⚖️ The Ironic Timing
Just weeks earlier (early Jan 2026), South Korea's Supreme Court finally ruled that seizing Bitcoin from exchange wallets is legal in criminal cases. They were literally celebrating their new crypto confiscation powers... and then this happens! 😅
🔐 Key Takeaways for Us:
✅ Not Your Keys, Not Your Coins Even government agencies learn this the hard way! ✅ Cold Storage is King – Hot wallets + government employees = disaster recipe 🚨 ✅ Multi-Sig is a Must – No single person should control $48M with one password ✅ Security Training Matters – If prosecutors can fall for phishing, so can we!
💭 Thoughts?
How do you think governments should store seized crypto? Cold wallets? Multi-sig setups? Or should they just HODL in Fort Knox 2.0? 😂
Drop your security tips below! Let's learn from their $48M mistake! 👇
#bitcoin #CryptoSecurity #PhishingAlert #HODL #BinanceKY #CryptoNews #Blockchain #SecurityFirst #DontClickSuspiciousLinks 🛡️
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