South Korea busts hacking syndicate after multi-million dollar crypto losses

The Seoul police arrested 16 individuals related to a scheme that stole $28.1 million (₩39 billion) from wealthy Koreans. The victims included celebrities and business executives, indicating a serious breach in digital security.

This case showcases a significant concern regarding the systematic targeting of wealthy individuals by international criminal organizations, raising alarms about the security of Korea’s financial infrastructure.

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