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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Bitcoin (BTC) first broke above $80,000 on May 4. While exciting, this upward development triggered…
It is one of the most debated topics in the XRP community. Does holding XRP…
Ripple has closed a $200 million debt facility from Neuberger Specialty Finance, the asset-based lending…
The Senate Banking Committee has officially scheduled the CLARITY Act markup for Thursday May 14…
Bitcoin is trading within a well-defined resistance zone that analyst Gareth Soloway has been tracking…
The Solana price has remained elevated over the past few days as improving sentiment across…
