Prosecutors in South Korea may have lost seized Bitcoin worth US$47 million through a phishing attack and are investigating and tracking the theft.

According to Chosun Daily, the bitcoins were stolen after a password was leaked externally, and an official from the prosecutor's office stated that a phishing attack was to blame after an agency worker accessed a fraudulent website.

Phishing is a common attack in the world of cryptocurrencies, where attackers seek to gain access to a wallet by impersonating legitimate websites or emails to trick users into sharing their private keys.