Hey, check out this crazy thing: South Korea’s Tax Agency accidentally leaked a wallet recovery mnemonic from Ledger in an official statement. I mean, they literally posted a photo with everything visible, the wallet and the handwritten phrase. I can’t even believe this happened with a government agency.

The worst part is the damage it caused. According to on-chain data, someone managed to transfer 4 million PRTG tokens from that wallet to an anonymous address the next morning. We’re talking about nearly 4.8 million dollars in losses, or about 6.4 billion Korean won. Like, an absurd amount just because the mnemonic was leaked.

Experts are tearing apart the tax department for lacking basic cybersecurity knowledge. It’s like... how do you let something like this slip? A mnemonic phrase is the key to everything, and they expose it in a press release. Result: massive loss for the country. What a monumental blunder.