🚨 South Korea Loses $48M in Seized Bitcoin 🚨

$BTC

A government employee fell for a phishing scam, leading to the loss of 70 billion won (~$48M) in seized BTC 😬

• Fake website

• Wallet credentials compromised

• Funds vanished with a click

The breach was discovered during an audit at the Gwangju District Prosecutors’ Office, exposing serious weaknesses in government crypto custody.

This isn’t just a loss — it’s a global wake-up call 🔔

If governments can mishandle Bitcoin, security standards everywhere need rethinking.

🔍 Investigation ongoing

⚖️ Regulatory implications ahead

If seized BTC isn’t safe… who is?

#Bitcoin #CryptoSecurity #Phishing #BlockchainNews #SouthKorea