šŸ’„The Myth of the "Safe" USB: South Korea’s State Custody Crisis šŸ‡°šŸ‡·šŸ“‰



It’s 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 Seoul’s Gangnam Police since 2021 - without the USB even leaving the evidence locker.

šŸ’”The Failure Points:

ā—¾ 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.

ā—¾ The Domino Effect: This comes right after the Gwangju District Prosecutors lost 320 BTC to a simple phishing site during a routine inspection.

ā—¾ The Hard Truth: Cold storage isn't a magic shield; it’s 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 lapse—it’s a systemic risk.

Bottom Line: Self-custody is about sovereignty, but without rigorous operational security (OpSec), it’s just a high-stakes waiting game for hackers.
ā€#CelebratingNewYearOnGateSquare
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Usmanabbasi67vip
Ā· 23m ago
The issue isn’t the USB, it’s the process. When even state actors mishandle keys, it proves custody is about discipline, multi-sig governance, and airtight OpSec. Without that, ā€œcold storageā€ is just a false sense of security waiting to be exploited.
Reply0
MSMA07vip
Ā· 4h ago
Cold wallets aren’t invincible—human error still opens the door to millions.
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MyLove1998vip
Ā· 4h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
Reply0
ShahidJamal76vip
Ā· 4h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
Reply0
Janan555vip
Ā· 5h ago
Even cold storage fails without strict protocols; security is only as strong as its human layer.
Reply0
Jimmy022vip
Ā· 5h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
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