Clueless Cops Post Seized Crypto Wallet Password Online, $5 Million Quickly Stolen

South Korean police accidentally posted the password to a seized cryptocurrency wallet containing $5 million in digital assets — which was promptly stolen by unknown parties who spotted the blunder online. The incident is a tragicomic illustration of the gap between law enforcement's expanding authority to seize digital assets and its capacity to actually secure them, and highlights the unique challenges that cryptocurrency poses for traditional policing. The stolen funds may be unrecoverable given the pseudonymous nature of blockchain transactions.