South Korean Government Loses Bitcoin: Phishing Attack Results in Asset Theft

Source: PortaldoBitcoin Original Title: Hackers Steal Bitcoin from South Korean Government Original Link: South Korean authorities lost an undisclosed amount of Bitcoin during a police operation. The main suspicion is that government officials responsible for managing these assets became victims of a phishing attack.

According to local news agencies, the incident occurred in the Gwangju region. No further details have been disclosed, but local prosecutors are already investigating the theft that happened mid-last year.

Reports suggest that this could be a phishing case related to Bitcoin storage and management. However, authorities are still avoiding confirming exactly what happened.

“We are currently investigating the circumstances surrounding the theft and the whereabouts of the seized items,” said an official, adding, “We cannot confirm any specific details.”

In a phishing attack, criminals perfectly replicate emails from applications, websites, or services and persuade victims to enter their passwords, making them believe they are accessing regular services. With the passwords, they gain access to wallets and seize assets.