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I just read about another scandal involving cryptocurrencies in South Korea, and it's simply unbelievable. The national tax agency accidentally published the recovery phrase for a confiscated wallet. Can you imagine? A government agency just leaked key information.
Blockchain data shows that about 4 million PRTG tokens were transferred immediately after the leak. Theoretically, this is worth around $4.8 million, but if you know PRTG, you know that liquidity there is minimal. So even if someone gained access, actually selling such a volume is impossible. But that's not the point.
Finance Minister Ku Yun-chol has already announced an urgent review of all cryptocurrency storage protocols in government agencies. It sounds solid on paper, but let's be honest — this isn't the first time something has gone wrong.
Meanwhile, an investigation is underway to determine whether all assets have actually been recovered. The police received a report from a person claiming to have seen the open phrase, gained access to the funds, and voluntarily returned them the next day. Sounds like a movie plot.
This isn't the first incident. Since January, reports have emerged about losses and thefts of confiscated coins — including 22 BTC that simply disappeared from a safe at the Gannam police station. This indicates a systemic problem, not just an isolated glitch.
The government promises to strengthen security in digital asset management, but specific measures and timelines have not yet been announced. This raises questions: how seriously are they taking this? When it comes to PRTG and other assets stored by the state, it requires not only an urgent audit but also a radical change in cybersecurity approach.