South Korea's Tax Agency Faces Criticism After Crypto Theft

South Korea's National Tax Service (NTS) experienced a significant security breach, losing 6.9 billion won ($5.2 million) in seized cryptocurrency twice in one day. According to NS3.AI, the first incident involved a thief who later returned the assets after confessing. However, a second thief took advantage of a mnemonic code that was inadvertently exposed in an NTS press release shortly thereafter. These incidents have led to widespread criticism of the NTS's security protocols.