🚨 **SHOCKING: South Korean Prosecutors Lose ~$48M in Seized Bitcoin to Phishing Attack!** 🚨
South Korea's Gwangju District Prosecutors' Office just revealed a massive security fail: Around **70 billion KRW (~$47-48 million USD)** worth of confiscated Bitcoin vanished due to a phishing scam!
Key details:
- Discovered during a routine audit of seized assets stored on USB devices. - Suspected cause: An employee fell for a phishing attack, exposing wallet access (private keys/credentials). - Exact BTC amount not officially confirmed, but at current prices (~$88,500/BTC), that's roughly **540-550 BTC** gone. - Internal investigation underway — recovery efforts ongoing, but good luck with that!
Even government agencies aren't safe from basic phishing tricks... 😱 This is a huge wake-up call for crypto custody security, cold wallets, multi-sig, hardware, and training are non-negotiable! What do you think? Is this embarrassing for authorities, or just another reminder that "not your keys, not your coins" applies everywhere? Drop your thoughts below! 👇 (Stay safe out there, folks! 🔒)
A fantastic market full of investment opportunities where transparency is at its highest level and manipulation is nonexistent and liquidity is at its strongest form 😂😂
🚨BREAKING: THE GOVERNMENT WILL SHUT DOWN IN 6 DAYS
The last time they shut down, gold and silver jumped to new all-time highs.
But if you’re holding other assets like stocks, you need to be extremely careful…
Because we’re heading into a total data blackout.
Here are the 4 specific threats:
– The Data: No CPI or jobs reports leaves the Fed and risk models unable to see what’s going on. Volatility (VIX) must reprice higher to account for the uncertainty.
– Collateral Shock: With previous credit warnings, a shutdown could trigger a downgrade. This would spike repo margins and destroy liquidity.
– Liquidity Freeze: The RRP buffer is dry. There's no safety net left. If dealers start hoarding cash, the funding markets seize up.
– Recession Trigger: The economy loses ~0.2% GDP per week of shutdown, potentially tipping a stalling economy into a technical recession.
In the last major funding stress (March 2020), the spread between SOFR and IORB blew out.
Watch the SOFR-IORB spread. If it starts gapping, it means the private market is starving for cash even while the Fed sits on a mountain of it. We saw this in 2020.
This sounds scary, but don’t worry I’ll keep you updated on everything.
When I decide to make a new move, I’ll say it here publicly for everyone to see, so pay close attention.
Investors who invested in Bitcoin at its peak of $69,000 in the previous cycle—1% waited for the return of their capital for two years and four months, while 99% exited with a loss of more than 60% of their capital...
This wasn't the first time, nor the only market, and it won't be the last
You must convince yourself that there are no investment opportunities in any market that achieves massive gains in a short period, and all your speculations in it must be calculated, with a decisive stop-loss, and without emotions...
◦ ATH set at $126.2k ◦ Drop to $80.6k = manipulation ◦ Range formation (sideways movement) ◦ Clear liquidity play ◦ Sharp LONG move ◦ New ATHs, $BTC around $130k