💥The Myth of the "Safe" USB: South Korea’s State Custody Crisis 🇰🇷📉



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.

💡The Failure Points:

◾ 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.

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

◾ 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.
#CelebratingNewYearOnGateSquare
BTC4,13%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • 5
  • Share
Comment
0/400
CSN_NYDvip
· 5h ago
Nuanced point. A token's fundamental value is its utility within its specific economic system.
Reply0
Hameed_Officialvip
· 9h ago
Cold wallets aren’t invincible—human error still opens the door to millions.
Reply0
Usmanabbasi67vip
· 10h 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, “cold storage” is just a false sense of security waiting to be exploited.
Reply0
MSMA07vip
· 15h ago
Cold wallets aren’t invincible—human error still opens the door to millions.
Reply0
MyLove1998vip
· 15h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
Reply0
ShahidJamal76vip
· 15h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
Reply0
Janan555vip
· 15h ago
Even cold storage fails without strict protocols; security is only as strong as its human layer.
Reply0
Jimmy022vip
· 15h ago
"Cold storage isn’t invincible—without strong OpSec, even state-held wallets remain vulnerable."
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)