Today's award goes to police and tax authorities in South Korea for an epic blunder.
Soon after South Korean police posted a press release boasting about seizing $5.6 million worth of cryptocurrency from 124 wealthy tax evaders, cops realized that they had mistakenly posted images that made it possible for a thief to quickly steal most of the seized assets.
. . .
Clearly legible in the photo, the note contained a complete mnemonic recovery phrase that anyone can use as a master key to move assets off the cold wallet to a new wallet without any additional PIN or permissions required.
. . .
It’s possible that whoever took the cryptocurrency just seized on an opportunity after seeing the cops’ failure to redact the images while scrolling through the National Tax Service’s press releases at dawn. It’s also possible that bad actors are closely monitoring South Korean police cryptocurrency announcements, following what The Block reported was “a series of crypto custody lapses.”
There's more at the link.
OK, I have to admit, that's a special kind of stupid. Boasting about seizing over $5M from a felon - then posting clues enough to allow another criminal to steal what the cops had just recovered? Why do I never have the luck to come across photographs like that when I need them?
Peter
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