I just noticed a very concerning news story about how South Korea is handling confiscated cryptocurrencies. There was a real leak of a wallet recovery phrase by the National Tax Service, which led to the transfer of millions of tokens without permission.

The story is truly strange — the tax office accidentally published a wallet recovery phrase that contained confiscated coins. The result? About 4 million PRTG tokens were transferred from the wallet, with an estimated value of around $4.8 million. The ironic part is that the actual liquidity of PRTG is very limited, but the message is clear — the government does not control its digital assets well.

Someone claimed they accessed the funds after seeing the exposed phrase and returned most of the assets the next day, but authorities are now investigating whether everything was recovered. This is not the first incident of its kind — months ago, 22 BTC were lost from a police station in Gangan, and there have been other losses at public prosecutor’s offices.

The government is now preparing an urgent review of security protocols for storing cryptocurrencies, but without clear timelines or specific procedures so far. The main question — is this negligence or an actual crime? In any case, confidence in the government’s management of digital assets has significantly collapsed. Even PRTG tokens that should have been protected under government oversight were transferred without real oversight.