South Korea Investigates Major Bitcoin Loss from Seized Assets in Phishing Scam

South Korean authorities have launched a formal investigation following a significant security breach that led to the loss of seized Bitcoin (BTC). The incident, identified as a sophisticated phishing attack, resulted in the theft of cryptocurrency assets that were under state custody. This event has raised serious concerns about the security protocols employed by government agencies for managing confiscated digital assets. The probe aims to uncover the vulnerabilities exploited in the attack and to assess the full extent of the financial damage. The investigation underscores the ongoing challenges and risks associated with the secure storage of cryptocurrencies, even within regulated and official frameworks.