South Korean authorities have introduced the extradition from Thailand and arrest of a suspected hacker, believed to be the mastermind behind an organised marketing campaign of assaults that stole thousands and thousands of {dollars} value of shares from celebrities, together with BTS singer Jung Kook.
Native information studies have confirmed that the 34-year-old Chinese language man, escorted from Bangkok to Incheon Airport in South Korea within the early hours of Friday 22 August, is suspected of embezzling over 38 billion gained (US $27 million) from rich people.
Between August 2023 to January 2024, “Mr A”‘s gang hacked a number of monetary accounts after stealing private data from Korean telecom corporations, and assuming the victims’ identities.
Within the case of Okay-Pop star Jung Kook, the identification theft is believed to have taken place after he enlisted for his necessary South Korean navy service.
33,500 HYBE shares (value an estimated 8.4 billion gained or US $6 million at present change charges) had been reportedly illegally siphoned out of the BTS singer’s securities account in January 2024 by hackers who opened three brokerage accounts in Jung Kook’s title.
It has been reported that Jung Kook’s Massive Hit Music company had been fast considering sufficient to identify the payout and have the funds returned. Nonetheless, they didn’t handle to stop the alleged sale of 500 stolen shares to a 3rd get together.
After the Massive Hit Music company filed a regulation swimsuit, the shares allegedly bought by the hacker to the third get together have now been returned to Jung Kook.
Earlier this 12 months Massive Hit Music stated that it had hardened the safety of its artists within the wake of the assaults:
“We enhanced our safety measures relating to artists’ non-public gadgets and private data along with the authorized measures.”
Investigators say that the suspected hacker was tracked with the help of Interpol and Thai authorities, after it was decided he had entered Thailand in April.
Authorities in Seoul have issued an announcement to the police saying that the suspect has admitted a few of the allegations towards him, while denying others.
Headlines in South Korea associated to cybercrime have grow to be widespread place in South Korea, with an enormous information breach occurring on the nation’s largest telecoms firm, SK Telecom, earlier this 12 months – with delicate SIM card information of thousands and thousands of shoppers uncovered.
Final 12 months it was reported that even the workplace of the South Korean president was not immune from being hacked, when it was introduced that North Korea had managed to breach the e-mail account of considered one of Yoon Suk Yeoi’s aides.
