Onchain Observer

#SouthKoreaSeizedBTCLoss $BTC 🚨 **$48 MILLION GONE IN A CLICK** 🚨 South Korea just lost **$48M worth of seized Bitcoin** after a government employee fell for a **phishing scam** 😬 💻 A fake website 🔑 Compromised wallet credentials 💰 **70 billion won in BTC vanished** The breach was uncovered during a routine audit at the **Gwangju District Prosecutors’ Office**, exposing serious flaws in how governments secure seized crypto assets. This isn’t just a loss — it’s a **wake-up call** 🔔 Even “offline” crypto storage isn’t immune, and the incident raises big questions about **digital asset custody, security protocols, and regulation** worldwide. 🔍 Investigations are ongoing to trace the missing BTC 📉 Markets are watching closely ⚖️ Regulators may be forced to rethink how seized crypto is protected **If governments can lose Bitcoin… who’s really safe?** #SouthKoreaSeizedBTCLoss #CryptoSecurity #phishingattack #BlockchainNews