South Korean tax agency loses seized crypto twice in one day

South Korea's National Tax Service (NTS) had 6.9 billion won (about $5.2 million) in seized crypto assets stolen on two separate occasions, the Chosun Ilbo reported. The initial thief reportedly returned the assets after a self-confession, claiming the act was driven by curiosity. However, just two hours after the funds were restored, they were drained again. The second theft was carried out by a different individual who used a mnemonic code exposed in a press release the NTS itself had distributed on March 1. In that statement, the agency admitted the initial incident was "inexcusably the NTS's fault" and pledged to strengthen security. The second breach, occurring on the same day as the apology, has drawn criticism over the agency's apparent lack of security awareness.