Seoul police dismantled an international hacking ring that stole $28.1 million from bank and crypto accounts, arresting 16 suspects including two alleged ringleaders; the group used breached government and telecom data to create fraudulent phone accounts and bypass security systems, targeting high‑net‑worth Koreans including BTS’s Jungkook.
16 suspects arrested, $28.1M stolen
Attackers exploited breached government and financial data to create over 100 fraudulent phone accounts.
Authorities froze and recovered $9.2M; banks blocked an additional $18M in attempted thefts.
Meta description: Seoul crypto hacking ring stole $28.1M from wealthy Koreans including Jungkook; reads like a briefing — learn arrests, losses, and protection steps.
What happened in the Seoul crypto hacking ring case?
Seoul police announced arrests in an international hacking ring that stole $28.1 million from victims’ bank and crypto accounts. The Cyber Investigation Unit says 16 suspects were detained after an operation run from China and Thailand exploited breached institutional data to create fraudulent mobile accounts and access funds.
How did the attackers bypass security to steal crypto and bank funds?
The group systematically harvested personal data from breached government and financial institution websites to profile wealthy targets. They created over 100 fraudulent phone accounts to bypass non-face-to-face authentication and then attempted unauthorized transfers from bank and crypto wallets.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
Police say attackers harvested data on 258 high-profile individuals: 28 crypto investors, 75 executives, 12 celebrities and 6 athletes. While the ring collected information broadly, theft attempts were made against 26 people whose combined reported balances equaled $39.8 billion.
BTS member Jungkook was among the high-profile targets. Attackers attempted to drain approximately $6.1 million in Hybe stock holdings after his military enlistment. Banking alerts and management intervention blocked the transfers; the incident underscores the risks faced by celebrity investors.
Seoul Metropolitan Police Agency’s Cyber Investigation Unit arrested 16 suspects and, with Interpol assistance, detained two alleged Chinese ringleaders in Bangkok. One suspect has been extradited to Korea and faces multiple charges including network and economic crimes, according to police statements.
Protective steps include multi-layered identity verification for telecom services, strict account monitoring, and using hardware wallets or multi-signature custody for large crypto holdings. Experts emphasize international law enforcement coordination to dismantle cross-border criminal operations.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/seoul-police-arrest-16-suspects-in-alleged-28m-crypto-and-bank-account-theft-targeting-jungkook-wealthy-koreans/