this post was submitted on 03 Mar 2026
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[–] ReluctantMuskrat@lemmy.world 2 points 5 hours ago

I'm really curious how they can get this out of the market without getting caught. As mentioned if you transfer this to any major exchange to convert to fiat, you'll be identified because of the KYC requirements. At least that's my understanding. So how do I - or this thief I mean - turn this into real wealth?

[–] teft@piefed.social 46 points 1 day ago

It’s possible that whoever took the cryptocurrency just seized on an opportunity after seeing the cops’ failure to redact the images while scrolling through the National Tax Service’s press releases at dawn. It’s also possible that bad actors are closely monitoring South Korean police cryptocurrency announcements, following what The Block reported was “a series of crypto custody lapses.”

Or the cops posted it on purpose and tipped someone off to take advantage of the post.

[–] shortwavesurfer@lemmy.zip 31 points 1 day ago

Oh, that's fucking funny as hell. They totally deserved that. FUCK THE STATISTS

[–] bearboiblake@pawb.social 9 points 20 hours ago

Ah yes, "mistake", mmhm. I believe it.

[–] return2ozma@lemmy.world 19 points 1 day ago

Soon after South Korean police posted a press release boasting about seizing $5.6 million worth of cryptocurrency from 124 wealthy tax evaders, cops realized that they had mistakenly posted images that made it possible for a thief to quickly steal most of the seized assets.

[–] Luminous5481@anarchist.nexus 5 points 20 hours ago

I was hoping I would have more time to launder the money before this hit the news

[–] goatinspace@feddit.org 5 points 23 hours ago