Seoul police have arrested 16 individuals linked to an international hacking syndicate that stole $28.1 million from wealthy South Koreans, including members of BTS and high-ranking business executives. This group reportedly exploited vulnerabilities in government and financial institution websites to gather personal data, subsequently using this information to create fraudulent accounts and access victims' bank and cryptocurrency wallets. Among the thefts, the largest single incident involved the loss of $15.4 million. Authorities managed to prevent $18 million in additional losses by flagging suspicious activity. The arrests highlight a troubling trend in which international criminal organizations are increasingly targeting South Korea's elite, indicating a need for stronger digital infrastructure and security measures. The police are now focusing on the organized nature of these cybercrimes, calling for improved identity verification processes to combat future threats.

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