blockchainnews

$BTC
South Korea has reportedly lost $48M worth of seized Bitcoin, and the reason is scarier than a market dump a phishing scam.
A government employee unknowingly interacted with a fake website, wallet credentials were compromised, and just like that.
💰 70 billion won in BTC disappeared
The issue came to light during a routine audit at the Gwangju District Prosecutors’ Office, revealing uncomfortable truths about how seized crypto assets are being handled.
This isn’t just about money lost.
It’s a global warning sign 🚨
Even so called secure or “offline” systems can fail when human error meets weak security processes. Governments around the world now face tough questions about:
🔐 Crypto custody standards
📜 Security protocols
⚖️ Regulatory responsibility
🔍 Authorities are still trying to trace the missing BTC
👀 The crypto market is watching closely
📢 Policy changes may follow
If a government can lose Bitcoin to phishing.
what does that say about digital asset security today?
#SouthKoreaSeizedBTCLoss #CryptoSecurity #PhishingAttack #BlockchainNews

Yesterday i read on @Binance News that Brazil may allow crypto donations in elections.
A judge from Brazil’s Supreme Court is reviewing a rule that bans crypto donations in campaigns. People are giving feedback, and a decision could come soon. On paper, it’s just a legal review. In reality, it’s a sign.
Why this caught my attention?
A few years ago, crypto wasn’t even part of the conversation. Back then, governments asked:
• "Is this legal?"
• "Is this dangerous?"
• "Should we stop it?"
Now the question sounds more like: “How do we deal with it?”
That change matters. To me, it means crypto is no longer something on the outside. It’s slowly being pulled into real systems. This isn’t about supporting or opposing crypto donations
Let me be clear. This post isn’t saying crypto should be used in elections. My point is simpler.
If a country is even considering it, that means:
• Crypto is being taken seriously
• Blockchain is seen as something that can be tracked
• Old rules are being questioned
That’s a big shift. The part many people misunderstand. People often say crypto hides money. But when you really look at it, blockchains are very open. Transactions don’t disappear. They stay there. Anyone can check them. In some ways, crypto can be more transparent than traditional systems.
That’s probably why this discussion is happening at all.
This isn’t just a Brazil only. From my point of view, Brazil is just one example. Everywhere you look in differents countries:
• Rules are getting clearer
• Big institutions are paying attention
• Crypto is now part of serious discussions.
And this we’re seeing is interesting. The same systems that once ignored or resisted crypto are slowly trying to understand it because it’s no longer something they can ignore.
Do you agree with my views?

@Binance_Square_Official

Crypto is not just about money, it’s about freedom and opportunity.
Learning today, earning tomorrow. Let’s grow together in this crypto journey 💎
#Binance #CryptoLife #CryptoCommunity #Bitcoin #Altcoins #Web3 #CryptoNigeria #InvestSmart #BlockchainNews #vanar $VANRY

?
? $48M IN SEIZED BITCOIN LOST 🚨
South Korea has reportedly lost $48 million worth of seized $BTC after a government employee was tricked by a phishing scam.
🔗 The attacker used a fake website
🔐 Wallet credentials were exposed
💸 Around 70 billion won in Bitcoin disappeared
The incident was discovered during a routine audit at the Gwangju District Prosecutors’ Office, highlighting major weaknesses in how seized crypto assets are stored and protected.
This goes beyond a single mistake — it’s a serious warning for global crypto custody ⚠️
Even government-controlled wallets aren’t immune to cyber threats.
🔍 Authorities are still trying to trace the missing $BTC
📊 Markets are paying close attention
⚖️ Regulators may need stricter security standards for seized digital assets
If governments can lose $BITCOIN what does that mean for crypto security overall?
#Bitcoin #phishingattack
#SouthKorean #korean #BlockchainNews

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#dusk #Privacy #Mag7Earnings #RWAProjects #BlockchainNews