Short News View Non-AMP

$4.8M Crypto Stolen After South Korea Tax Leak

Published by
Sohrab Khawas

South Korea’s National Tax Service accidentally exposed the recovery seed phrase of a seized crypto wallet in a public press release photo, leading attackers to drain about $4.8 million worth of PRTG tokens shortly afterward. The leaked seed phrase gave full control of the wallet, allowing transfers to unknown addresses within hours. Experts say the mistake highlights serious gaps in how authorities handle and secure sensitive digital asset information, raising concerns about institutional readiness for crypto regulation and custody.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Tokenization Hearing Confirmed, CLARITY Act Stablecoin Deal Done “In Principle”: Big Week for Crypto

Two things happened in Washington this week that the crypto industry has been waiting years…

March 21, 2026

XRP Price Weakens as ETF Flows Turn Negative

XRP Price is showing signs of weakness in the short term. The altcoin has slipped…

March 21, 2026

Pi Network Releases Token Launchpad on Testnet

Pi Network has rolled out the first version of its Token Launchpad on the testnet,…

March 21, 2026

“Gambling With a Timer”: James Wynn Returns to Hyperliquid With a 40x Bitcoin Short

James Wynn is back on Hyperliquid. The trader who turned $4 million into $87 million,…

March 21, 2026

XRP Adoption Surges Among Retail Investors

According to Santiment, the XRP Ledger is seeing steady growth, with millions of wallets joining…

March 21, 2026

The Worst Week for Gold in 43 Years Just Made the Strongest Case for Bitcoin

Gold is trading at $4,491 this week, down 10.52% - its worst weekly performance since…

March 21, 2026