South Korea Forms Task Force to Address Virtual Asset Security

South Korea's National Tax Service is establishing a task force to enhance the management of virtual assets following a data leak that led to the theft of coins valued at approximately 6 billion won. According to NS3.AI, the breach occurred in a press release dated February 26, which detailed the seizure of cryptocurrencies from high-value delinquent taxpayers. Deputy Commissioner Lee Seong-jin stated that the task force will investigate the recent security lapses and develop strategies to prevent future occurrences.