🚹 $48 MILLION GONE IN A CLICK: When Governments Get Phished 🚹

What was supposed to be “secure” Bitcoin custody just turned into one of crypto’s most alarming cautionary tales.

đŸ‡°đŸ‡· South Korea has reportedly lost nearly $48 million worth of seized Bitcoin after a government employee fell victim to a phishing scam. Yes — not a retail trader, not a DeFi degen — a state authority.

Here’s what happened 👇

A single mistake led to catastrophic consequences:

đŸ’» A fake website impersonating a legitimate service

🔑 Wallet credentials compromised

💰 70 billion won in BTC vanished

The breach came to light during a routine audit at the Gwangju District Prosecutors’ Office, exposing serious weaknesses in how seized crypto assets are stored and managed.

This isn’t just another hack headline — it’s a global wake-up call 🔔

For years, governments and regulators have pushed the narrative that crypto users need better safeguards, better custody, better compliance. Yet this incident proves a hard truth:

👉 Even state-controlled, supposedly “offline” crypto storage is vulnerable to human error.

🔍 Investigations are now underway to trace the missing Bitcoin

📉 Markets are watching closely as trust takes a hit

⚖ Regulators may be forced to rethink how seized digital assets are secured

The bigger question isn’t just how this happened — it’s what happens next. If governments can lose Bitcoin to phishing attacks, what does that say about current custody standards? And who should really be trusted with digital assets?

In a space built on self-custody, transparency, and personal responsibility, this incident blurs the line between “regulated safety” and “false security.”

💭 If governments can lose Bitcoin
 who’s really safe?

$BTC $BNB $ZEC

#SouthKoreaSeizedBTCLoss #CryptoSecurityResponse #phishingattack #BlockchainNews