š„The Myth of the "Safe" USB: South Koreaās State Custody Crisis š°š·š
Itās becoming a pattern. For the second time in months, South Korean authorities have proven that holding the physical device is only half the battle. 22 $BTC (~$1.5M) was just drained from a cold wallet held by Seoulās Gangnam Police since 2021 - without the USB even leaving the evidence locker.
š”The Failure Points:
ā¾ The "Invisible" Drain: The physical USB remained intact, yet the digital assets were siphoned. This points to a massive breach in either private key management or an inside job.
ā¾ The Domino Effect: This comes right after the Gwangju District Prosecutors lost 320 BTC to a simple phishing site during a routine inspection.
ā¾ The Hard Truth: Cold storage isn't a magic shield; itās a tool. If the human operating it clicks a malicious link or leaks a key, the "cold" status is irrelevant. At a state level, the lack of multi-sig protocols and audited governance is no longer just a lapseāitās a systemic risk.
Bottom Line: Self-custody is about sovereignty, but without rigorous operational security (OpSec), itās just a high-stakes waiting game for hackers. ā#CelebratingNewYearOnGateSquare
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Usmanabbasi67
Ā· 23m ago
The issue isnāt the USB, itās the process. When even state actors mishandle keys, it proves custody is about discipline, multi-sig governance, and airtight OpSec. Without that, ācold storageā is just a false sense of security waiting to be exploited.
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MSMA07
Ā· 4h ago
Cold wallets arenāt invincibleāhuman error still opens the door to millions.
š„The Myth of the "Safe" USB: South Koreaās State Custody Crisis š°š·š
Itās becoming a pattern. For the second time in months, South Korean authorities have proven that holding the physical device is only half the battle. 22 $BTC (~$1.5M) was just drained from a cold wallet held by Seoulās Gangnam Police since 2021 - without the USB even leaving the evidence locker.
š”The Failure Points:
ā¾ The "Invisible" Drain: The physical USB remained intact, yet the digital assets were siphoned. This points to a massive breach in either private key management or an inside job.
ā¾ The Domino Effect: This comes right after the Gwangju District Prosecutors lost 320 BTC to a simple phishing site during a routine inspection.
ā¾ The Hard Truth: Cold storage isn't a magic shield; itās a tool. If the human operating it clicks a malicious link or leaks a key, the "cold" status is irrelevant. At a state level, the lack of multi-sig protocols and audited governance is no longer just a lapseāitās a systemic risk.
Bottom Line: Self-custody is about sovereignty, but without rigorous operational security (OpSec), itās just a high-stakes waiting game for hackers.
ā#CelebratingNewYearOnGateSquare