Suren Cooray

#SouthKoreaSeizedBTCLoss has been trending on Binance Square following a major security lapse involving the South Korean government. It serves as a stark reminder that even institutional-grade custody can fall victim to human error. 📉🔒 🛡️ What Happened? Reports surfaced on January 22, 2026, that the Gwangju District Prosecutors' Office in South Korea lost control of a massive amount of seized Bitcoin—estimated at roughly 70 billion won ($47.7 million). 😱 • The Cause: During a routine inspection of seized assets stored on mobile devices (USBs), an official reportedly accessed a phishing website inadvertently. 🎣💻 • The Breach: This allowed attackers to compromise the credentials or "private keys" linked to the confiscated crypto. • The Impact: This isn't just a financial loss; it has triggered an internal investigation and a national debate over how the government manages digital assets. 🏛️🔍 ⚠️ Why This Matters for Binance Traders The buzz around this hashtag highlights three critical lessons for the community: 1. Phishing is the #1 Threat: If a government prosecutor can be tricked by a malicious link, anyone can. Always double-check URLs before entering any sensitive info. 🕵️‍♂️ 2. Custody Matters: The incident has led many to discuss the "Self-Custody vs. Exchange" debate. Even "cold" storage (USBs) is vulnerable if the management process is flawed. 🔐 3. Market Sentiment: News of government-held BTC being "lost" (and potentially moved by hackers) can create short-term FUD (Fear, Uncertainty, and Doubt) in the market. 📊 Important Note🚨👇 Stay Safe: Never share your seed phrase or passwords, and always use Two-Factor Authentication (2FA) on your Binance account to stay ahead of the scammers. 🛡️✨ #ScrollCoFounderXAccountHacked #GrayscaleBNBETFFiling #ETHMarketWatch #TrumpCancelsEUTariffThreat $BTC