Odaily Planet Daily reports that the Korean National Tax Service’s seizure operation resulted in the theft of $4.8 million worth of cryptocurrency after they publicly displayed original photos containing hardware wallet seed phrases. The Korean National Tax Service apologized and stated that they failed to realize the sensitive information when providing photos of the seizure scene. They have now requested police intervention to recover the assets and plan to conduct a comprehensive review of security systems and virtual asset management manuals. Korean Vice Prime Minister and Minister of Strategy and Finance Koo Yun-cheol posted on X platform that the Financial Services Commission and the Financial Supervisory Service will investigate the leak and strengthen regulation of digital assets managed by public institutions.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Mt. Gox Bankruptcy Case May See Resolution with Proposed Bitcoin Hard Fork
Former Mt. Gox CEO Mark Karpeles has proposed a Bitcoin hard fork to recover 80,000 BTC stolen from the exchange over a decade ago.
The hard fork would see the BTC, worth $5 billion and currently held by a single wallet, moved to a new address without the requirement of the original private k
CryptoNewsFlash1h ago
Chinese banks freeze accounts due to memos related to cryptocurrency
In the U.S., cryptocurrency regulations are loosening, while China tightens control, especially at retail banks. Users report account freezes for mentioning cryptocurrencies in transactions, demonstrating increased caution among Chinese investors.
TapChiBitcoin2h ago
What signals did the US SEC send behind the new 2% discount regulation for stablecoins?
The U.S. Securities and Exchange Commission (SEC) issued guidance on payment stablecoins on February 19, allowing broker-dealers to treat stablecoins with a 2% discount when calculating net capital, thereby giving them a legitimate status in capital calculations. This adjustment helps to integrate stablecoins into the mainstream financial system and promotes digital asset trading and services. Peirce's statement and the GENIUS Act could potentially change the market landscape, although federal and state frictions still exist. Nonetheless, this move paves the way for regulatory integration of stablecoins.
区块客3h ago
JPMorgan Sees CLARITY Act as Catalyst Amid Crypto Sell-Off
The JPMorgan report discusses the proposed CLARITY Act aimed at providing clear regulations for digital assets, potentially passing by mid-2026. Key issues include stablecoin yield permissions and conflict-of-interest rules, which are delaying progress.
CryptoFrontNews3h ago
Turkey's ruling party proposes a 10% tax on crypto income and a 0.03% service provider transaction tax
The ruling party in Turkey has proposed a legislative draft to tax cryptocurrency income, requiring platforms to withhold 10% tax each quarter, and crypto service providers to pay a 0.03% transaction tax. Turkey has a high adoption rate of cryptocurrencies, with transaction volumes approaching $200 billion in 2025.
GateNews4h ago
Two regions in Russia lift cryptocurrency mining restrictions, but long-term ban threat still remains
The Republic of Buryatia and the Trans-Baikal Territory in Russia will lift the temporary restrictions on cryptocurrency mining on March 15, but the Moscow government plans to implement a five-year comprehensive ban by 2026. Currently, Russia has banned mining in 10 regions, causing difficulties for business investments. The largest mining company, BitRiver, is facing bankruptcy and the detention of its founder.
GateNews4h ago