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South Korean Police Accidentally Post Cryptocurrency Wallet Password

Schneier on Security [Unofficial] March 17, 2026
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An expensive mistake: > Someone jumped at the opportunity to steal $4.4 million in crypto assets after South Korea’s National Tax Service exposed publicly the mnemonic recovery phrase of a seized cryptocurrency wallet. > > The funds were stored in a Ledger cold wallet seized in law enforcement raids at 124 high-value tax evaders that resulted in confiscating digital assets worth 8.1 billion won (currently approximately $5.6 million). > > When announcing the success of the operation, the agency released photos of a Ledger device, a popular hardware wallet for crypto storage and management...

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