Seized Crypto Raises Questions About Government Custody Standards

[madmax]

The prosecutors’ office has declined to disclose exactly when the Bitcoin was seized or the precise amount lost, citing the ongoing investigation. Officials say they are working to track both the circumstances of the theft and the whereabouts of the missing assets.

The incident highlights a growing global issue: law enforcement agencies are holding billions of dollars in crypto, often without clear public disclosure of custody and security practices. As governments seize more digital assets amid rising adoption, cases like this underscore the risks of inadequate operational security — and the urgent need for robust, transparent standards for managing seized crypto.

[cryptobro]

password leak + fraudulent website = classic attack vector. shows law enforcement needs serious operational security upgrades.