South Korean police investigate theft of $4.8M in seized crypto

Police have launched an investigation into the theft of billions of won in cryptocurrency from South Korea's National Tax Service (NTS), Etoday reported. The National Police Agency has assigned the case to its Cyber Terror Response Division for a preliminary inquiry. The investigation follows allegations that $4.8 million (6.9 billion won) was stolen from a digital wallet after the NTS inadvertently exposed its "mnemonic code," which functions as a master key, in a press release. The agency had been publicizing its seizure of four cold wallet USBs belonging to a tax delinquent when the security breach occurred.