South Korea investigates seed phrase leak in photo leading to $4.8 million crypto theft from tax authority

The National Tax Service said it had intended to provide a vivid shot of the seizure by sharing a photo. What to know : South Korea's National Tax Service lost about $4.8 million in seized cryptocurrency after publicly sharing a photo that exposed hardware wallet seed phrases. The incident is the country's second major loss of seized crypto, following a 2021 case involving 22 BTC held by police. Authorities have asked police to help recover the stolen funds and pledged an external security review.