South Korea Busts Hacking Syndicate After MultiMillion Dollar Crypto Losses
News Source : Decrypt
News Summary
- Seoul police have dismantled an international hacking ring that systematically targeted South Korea's wealthiest individuals.
- The group stole $28.1 million from victims' financial and crypto accounts.
- Two Chinese ringleaders allegedly orchestrated the scheme from bases in China and Thailand between July 2023 and April 2024.
- The case marks “a new level of hacking threat” because of the “systematic hacking of government and financial institutions to profile wealthy individuals,” said Rich O., regional manager APAC at hardware wallet manufacturer OneKey.
In briefA hacking syndicate allegedly stole $28.1 million (39 billion) from financial and crypto accounts of 258 wealthy Koreans, including celebrities and top business executives. [+3771 chars]
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