South Korea's Deputy Prime Minister Koo Yun-cheol has ordered a sweeping inter-agency review of how digital assets are handled after the National Tax Service accidentally exposed a cryptocurrency wallet's seed phrase. The blunder, revealed in a press release photo, led to the loss of approximately 4 million Pre-Retogeum (PRTG) tokens, valued at $4.8 million, from a confiscated wallet.
The government, alongside financial regulatory bodies, will assess the security controls for all digital assets seized from delinquent taxpayers. This incident follows a separate report of Seoul police allegedly losing 22 Bitcoin from a seized cold wallet. The investigation aims to prevent future recurrences and strengthen the nation's virtual asset oversight framework.