In brief

  • A hacking syndicate allegedly stole $28.1 million (₩39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives.
  • The largest single crypto theft reached $15.4 million (₩21.3 billion), though authorities haven’t specified what portion of the total losses was in crypto.
  • The case exposes systematic vulnerabilities in Korea’s digital infrastructure as international criminal organizations increasingly target the country’s elite, Decrypt was told.

Seoul police have dismantled an international hacking ring that systematically targeted South Korea’s wealthiest individuals, including BTS member Jungkook and top business executives, after the group stole $28.1 million (₩39 billion) from victims’ financial and crypto accounts.

The Seoul Metropolitan Police Agency’s Cyber Investigation Unit announced the arrest of 16 suspects Thursday, including two Chinese ringleaders who allegedly orchestrated the scheme from bases in China and Thailand between July 2023 and April 2024, according to Korea Joongang Daily.

“This incident highlights a critical reality: international criminal organizations are systematically targeting Korean entities, and most domestic institutions lack adequate defenses ag

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Author: Vismaya V

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