I guess it doesn't matter what the government owns. It all gets lost or wasted.

chaoticalHeavy

A phishing attack drains government wallets: investigations are underway into the scam that hit South Korea.

South Korean authorities are dealing with a case in which approximately $48 million in bitcoin are believed to have disappeared from wallets managed by the prosecution.

The Gwangju District Prosecutors’ Office discovered the theft during a routine inspection of confiscated financial assets. According to reconstructions reported by local media, the shortfall amounts to roughly 70 billion won, equivalent to $47.7 million in BTC.

Initial investigations revealed how the theft occurred: an employee of the government agency reportedly visited a fraudulent website, falling victim to a phishing attack.

The newspaper Chosun Daily reported that the criminals were able to access the funds after obtaining login credentials.

bitcoin

> A phishing attack drains government wallets: investigations are underway into the scam that hit South Korea.
> 
> South Korean authorities are dealing with a case in which approximately $48 million in bitcoin are believed to have disappeared from wallets managed by the prosecution.
> 
> The Gwangju District Prosecutors’ Office discovered the theft during a routine inspection of confiscated financial assets. According to reconstructions reported by local media, the shortfall amounts to roughly 70 billion won, equivalent to $47.7 million in BTC.
> 
> Initial investigations revealed how the theft occurred: an employee of the government agency reportedly visited a fraudulent website, falling victim to a phishing attack.
> 
> The newspaper Chosun Daily reported that the criminals were able to access the funds after obtaining login credentials.
> 
> ...