phishingattack

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? $48M IN SEIZED BITCOIN LOST 🚨
South Korea has reportedly lost $48 million worth of seized $BTC after a government employee was tricked by a phishing scam.
🔗 The attacker used a fake website
🔐 Wallet credentials were exposed
💸 Around 70 billion won in Bitcoin disappeared
The incident was discovered during a routine audit at the Gwangju District Prosecutors’ Office, highlighting major weaknesses in how seized crypto assets are stored and protected.
This goes beyond a single mistake — it’s a serious warning for global crypto custody ⚠️
Even government-controlled wallets aren’t immune to cyber threats.
🔍 Authorities are still trying to trace the missing $BTC
📊 Markets are paying close attention
⚖️ Regulators may need stricter security standards for seized digital assets
If governments can lose $BITCOIN what does that mean for crypto security overall?
#Bitcoin #phishingattack
#SouthKorean #korean #BlockchainNews

#SouthKoreaSeizedBTCLoss South Korea has just suffered a staggering $48M loss in seized Bitcoin—and it didn’t happen through a hack on the blockchain. It happened through a phishing scam 😬
Here’s what went wrong 👇
💻 A fake website fooled a government employee
🔑 Wallet credentials were compromised
💰 ~70 billion won in BTC vanished—just like that
The breach surfaced during a routine audit at the Gwangju District Prosecutors’ Office, exposing uncomfortable truths about how state-held crypto is actually protected.
This isn’t just a financial loss—it’s a global wake-up call 🔔
“Offline” storage isn’t invincible.
Human error is still the weakest link.
And governments are not immune to basic crypto security failures.
🔍 Authorities are now racing to trace the missing BTC
📉 Markets are paying attention
⚖️ Regulators may be forced to rethink custody standards for seized digital assets
If governments can lose Bitcoin to phishing… who’s really safe?
#CryptoSecurity #Bitcoin #PhishingAttack
$BTC
$BNB

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$BTC
A Wake-Up Call for Government Crypto Custody
South Korea has suffered a major digital asset security failure after approximately $48 million worth of seized Bitcoin was stolen in a sophisticated phishing attack targeting a government employee.
According to official disclosures, the incident occurred at the Gwangju District Prosecutors’ Office, where a staff member unknowingly accessed a fraudulent website, leading to the compromise of wallet credentials. As a result, nearly 70 billion won in Bitcoin was transferred out of government-controlled custody without authorization.
The breach was discovered during a routine internal audit, highlighting critical vulnerabilities in how seized cryptocurrency assets are stored and managed by state institutions.
Why This Matters
This incident goes beyond a single operational failure—it exposes a structural weakness in public-sector crypto custody:
Human error remains the weakest link, even in supposedly secure systems
“Offline” or cold storage setups are not immune if access procedures are flawed
Government agencies may lack the specialized security frameworks required for digital asset management
As more governments seize and hold cryptocurrencies through enforcement actions, the risks tied to custody, key management, and internal controls grow exponentially.
Market and Regulatory Implications
The loss has triggered broader concerns across global markets and regulatory bodies:
Confidence risk: If governments cannot secure seized Bitcoin, institutional custody standards may be questioned
Regulatory pressure: Expect stricter protocols, audits, and possibly third-party custody mandates
Policy rethink: Digital asset security could become a higher priority in future crypto regulations
Authorities have launched an investigation to trace the stolen BTC, though recovery remains uncertain given the nature of blockchain transfers.
Bottom Line
This is not just a financial loss—it is a systemic warning.
As Bitcoin and other digital assets become embedded in legal, financial, and governmental systems, security standards must evolve just as fast.
If governments can lose Bitcoin to phishing attacks, the question becomes unavoidable:
Who is truly prepared to safeguard digital assets in the modern financial era?
#SouthKoreaSeizedBTCLoss #CryptoSecurity #Bitcoin #PhishingAttack #BlockchainNews

Tron DAO has officially confirmed that its primary X (formerly Twitter) account was compromised late Friday evening following a highly targeted social engineering attack against one of its senior communications staff.
In a statement shared early Saturday morning, Tron explained that the attacker impersonated a representative from a prominent blockchain media outlet, convincing a team member to grant access to a third-party scheduling tool. The tool was then used to bypass direct platform logins and post a fake “TRX Anniversary Airdrop” link to over 1.2 million followers.
“The individual behind this breach executed a well-crafted social engineering strategy, including a fake press briefing invitation and forged NDAs,” the Tron team stated. “Once access was obtained, the account was used to spread malicious links that directed users to a phishing site.”
The site, designed to mimic Tron’s official staking dashboard, lured users into connecting their wallets to claim a non-existent airdrop. Several victims have since reported unauthorized withdrawals of $TRX and TRC-20 tokens.
The fraudulent post remained live for just under an hour before the team regained control of the account. Tron has since removed all malicious content and launched a full internal security audit, working with cybersecurity firms to trace stolen funds.
No backend systems, smart contracts, or core infrastructure were affected, the team emphasized. However, the event has sparked renewed concerns over centralized access controls and the risks posed by third-party applications.
Justin Sun, founder of Tron, took to X shortly after the incident was contained, urging users to “never trust sudden airdrop links” and assuring the community that new security protocols, including hardware key requirements, will be implemented across all Tron-managed platforms.
Initial estimates suggest that over $90,000 in user funds may have been stolen, though investigations are ongoing. Users are advised to revoke permissions from any suspicious dApps and remain cautious.

#TronHack #TRXAlert #CryptoSecurity #PhishingAttack #BlockchainNews

According to PANews, a sophisticated phishing attack is targeting Cardano users by distributing announcements disguised as the 'Eternl Desktop' wallet. This malicious campaign aims to trick users into downloading an MSI file containing remote control tools. The attackers impersonate official communications and reference NIGHT and ATMA token incentives to lure victims. They are using the domain download.eternldesktop.network to distribute unsigned installation packages. Security researchers have identified that the file includes the LogMeIn Resolve component, which allows for remote command execution and persistent system control. Users are advised to download wallet software only from official sources.
$ADA $NIGHT
#ADA #NIGHT #TAREKZOZO #news #phishingattack

A wallet drainer operating on The Open Network (TON) blockchain has announced it is ceasing operations due to a lack of large investors (so-called "whales") in the network.
Service Shutdown and User Redirection
On October 7, an announcement was made by the TON-based wallet drainer, stating that it is officially shutting down and recommending its users move to another cryptocurrency draining service. Scam Sniffer, a Web3 platform focused on anti-fraud protection, shared a screenshot of this announcement. The #hackers explained that the lack of large investors in the TON ecosystem was the reason for the shutdown:
"Since TON has no whales and the community is small, we are closing down."
The announcement also urged users to switch to draining #bitcoin☀️ instead of TON, claiming that those who enjoyed draining on TON would "love" draining #BTC☀ as well.
New Focus and Departure from TON ( #Toncoin )
The wallet drainer directed its users to another service and announced that the TON-based draining system would not return. Back in June, some drainers had started focusing more on the TON ecosystem. Raz Niv, co-founder of Blockaid, noted that the amount of value flowing through TON had attracted the attention of more drainers.
Fake Transactions as a Trap for Users
One trick used by TON drainers involved fake transactions of 5,000 USDT. This scam exploited TON’s comment feature, which allows transfers to include custom messages, effectively masking the real purpose of signatures. Users were lured by messages such as "Receive 5,000 USDT" and a "Confirm" button, but once the transaction was signed, the tokens began to be drained.
Losses Due to Phishing
Scam Sniffer reported that similar scams in May resulted in the loss of 22,000 toncoins, which were worth over $150,000 at the time. Additionally, data shows that approximately 10,800 people fell victim to #phishingattack in September, with around $46.6 million in digital assets lost that month. The largest portion of these losses came from a single phishing transaction, which drained over $32 million in cryptocurrencies.
phising attack trick crypto holders into linking their wallets to fraudulent services like drainers, allowing malicious actors to withdraw their victim's funds without further verification.

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