🕵️♂️ South Korean Prosecutors Fall for Phishing: $47.7M in Confiscated Bitcoin "Gone"
While Elon Musk discusses Optimus robot timelines and the arrival of AGI by 2026, the real world is dealing with a much older problem: human error.
Key Crypto Updates from South Korea:
1️⃣ The $47.7M Phishing Fail:
The Gwangju District Prosecutors' Office discovered that 70 billion won ($47.7M) in seized Bitcoin has vanished. The reason? An internal audit revealed that an employee fell victim to a phishing attack after clicking on a fake website, leading to a password leak. A stark reminder that even authorities aren't immune to basic cyber scams.
2️⃣ Legal Milestone Meets Security Flaw:
This incident comes right after the South Korean Supreme Court officially legalized the seizure of Bitcoins from exchange wallets in early January. It seems the legal framework is moving faster than the security protocols of the departments involved.
3️⃣ $110M Money Laundering Ring Busted:
Authorities also dismantled a massive network that laundered 150 billion won (~$110M). Criminals moved assets via WeChat Pay and Alipay, converting them to crypto abroad and cashing out in Korea. To mask the transfers, they labeled them as payments for "plastic surgery" and "tuition fees."
The Bottom Line:
Whether you're a retail trader or a state prosecutor, crypto hygiene is non-negotiable. Always double-check links and use hardware security whenever possible. 🛡
#SouthKorea #CryptoNews #Bitcoin #CyberSecurit #BinanceSquare