South Korea’s Tax Agency Eyes Private Custodians for Seized Crypto Following Mnemonic Leak

AI Briefing

• – South Korea's National Tax Service moves to hand off seized crypto to private custody providers after a mnemonic leak exposed the risks of in-house custody.
• – The agency is reportedly working to select a qualified custody firm within the first half of the year.
• – South Korea's tax agency aims to minimize the risks associated with holding virtual assets.