back to article South Korea’s tax office apologizes for leaking seed phrase to seized crypto

South Korea’s National Tax Service has apologized after it leaked passwords to a stash of stolen crypto, which parties unknown used to make off with the digi-cash. This strange story starts on February 26th when the Tax Service triumphantly announced it had busted 124 high-value tax delinquents and seized ₩8.1 billion ($5.6 …

  1. BartyFartsLast Silver badge

    Criminal Currency.

    I'm not sure I'd have realised it was a seed phrase but I'm also only mildly surprised that an organisation investigating tax evaders didn't have a clue either.

    1. Doctor Syntax Silver badge

      Re: Criminal Currency.

      They probably did have a clue. One of the problems in law enforcement is the publicity-hungry officer. It was much the same when they'd got criminals not only using back-doored phones but also paying for them - somebody had to blab about taking down a gang and how they did it.

  2. Anonymous Coward
    Anonymous Coward

    Is anyone surprised?

    Most crypto experts are loathe to work for a government, and not just for reasons of low pay.

    Would like to know if the moron has been fired for this.

    In the private sector, a SNAFU that bad would be rewarded with a trip to the unemployment line.

    Sadly, in government, the Peter Principle is a less a cautionary tale and more a criterion for promotion.

  3. Blazde Silver badge
    Joke

    'so perhaps this will still end in a win'

    Fractional-reserve cash seizure. Clever. Good for hitting policing targets, but potentially inflationary.

  4. Anonymous Coward
    Anonymous Coward

    Obligatory xkcd

    https://xkcd.com/1977/

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