It is particularly interesting to observe how South Korea is handling the management of confiscated cryptocurrencies. It has just turned out that the National Tax Service accidentally disclosed a recovery phrase for a wallet holding assets. The result? About 4 million PRTG tokens were instantly transferred from the government vault.

In theory, these PRTG tokens were valued at $4.8 million, but the problem is that the actual liquidity of this asset is catastrophically low. That means even if someone wanted to sell them, it wouldn’t be easy. The police received a report from a person who claimed to have noticed the published phrase, gained access to the funds, and then returned them. It sounds like a good story, but authorities are still checking whether everything was truly returned.

This is not the first case. Since January, losses of confiscated coins have already occurred here—including 22 BTC that simply disappeared from a police safe in Hannam. When BTC is trading at around $77K per coin, that’s not a small matter. Finance Minister Koo Yun-cheol announced an urgent review of all протоколів зберігання. They promise to work with the Financial Services Commission and review the security of digital asset management.

However, no specific measures have been announced yet. The question remains open: is this just organizational chaos, or something more serious? The fact that the state cannot reliably store confiscated PRTG and other assets raises serious questions about how it plans to manage digital assets in general. A series of серія національних аудитів has already begun, but trust in government cryptocurrency management has clearly declined.