- Police dismantle transnational hacker group, led by a Chinese national.
- Total stolen value reached $28.1 million, including cryptocurrency.
- No immediate impact on major blockchains reported thus far.
South Korean police dismantled a hacker gang responsible for $28.1 million in thefts from governmental and financial websites. The group, led by “Mr. G,” targeted prominent individuals, using tactics like social engineering and spear-phishing.
This incident highlights the ongoing risks in global financial networks as hackers capitalize on loopholes in cybersecurity.
South Korean authorities dismantled a transnational hacker syndicate that stole $28.1 million by targeting financial websites worldwide. The group comprised 16 individuals and used sophisticated methods to avoid detection. Mr. G, a Chinese national and purported leader, was extradited to face charges. The syndicate specifically targeted 258 wealthy individuals, including crypto investors and celebrities. Cryptocurrency thefts from 16 victims highlighted the group’s strategic depth in targeting financial assets. Despite the significant breach, no major blockchain project reported a direct impact, indicating robust protections in place.
These developments underscore persistent global threats and the necessity for enhanced security measures across industries to counter sophisticated cyber threats.
“Among the 258 victims were 28 crypto investors and numerous high-profile individuals, including celebrities, indicating the level of sophistication used in these attacks.” — Law Enforcement Official, Statement on Victim Data, Seoul Police GBHackers
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South Korean Police Dismantle Transnational Hacking Syndicate
South Korean police have dismantled a transnational hacking group that stole $28.1 million, targeting high-profile crypto investors and banking accounts.
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