Ex-SAF Diver Jailed for $1.7 Million Crypto Theft via Seed Phrase Photo

**Ex-Singapore Armed Forces Diver Sentenced for $1.7 Million Cryptocurrency Theft Using Seed Phrase**

A former Singapore Armed Forces (SAF) diver has been jailed after orchestrating a sophisticated cryptocurrency theft worth $1.7 million by secretly photographing a handwritten seed phrase recovery code. The case highlights growing security vulnerabilities in digital asset storage and the critical importance of safeguarding private keys and recovery phrases.

The convicted individual exploited physical access to another person's apartment, demonstrating how traditional security breaches can compromise blockchain-based assets. This incident underscores the risks associated with storing cryptocurrency seed phrases in physical format, even in seemingly secure locations.

The theft involved unauthorized access to Bitcoin and other digital currencies, marking one of Singapore's significant crypto-related criminal cases. Security experts emphasize that seed phrase protection remains crucial for cryptocurrency holders, as these 12-24 word recovery codes provide complete wallet access.

This case serves as a stark reminder for the cryptocurrency community about implementing robust security measures, including secure seed phrase storage solutions, hardware wallets, and multi-signature authentication. As digital asset adoption increases globally, such incidents highlight the need for enhanced cybersecurity awareness in the blockchain ecosystem.