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Hackers Target HYBE: How a Cyber Crime Syndicate Stole 39 Billion Won

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by Giorgi Kostiuk

2 days ago


South Korean police apprehended a group of 18 individuals suspected of orchestrating cyber attacks, including on HYBE, the company behind BTS. The hacking resulted in the theft of 39 billion won ($28 million).

Arrest of Hacker Suspects

Seoul police reported the arrest of 18 suspects linked to the HYBE hack that affected 258 victims, including celebrities and corporate leaders. The main figures were arrested in Thailand and extradited to South Korea.

Mechanism of Cyber Attacks

Hackers used stolen data to access bank accounts and cryptocurrency exchange accounts. Most victims were affluent individuals, including three celebrities and two executives of major South Korean companies.

Police Actions and Consequences

Seoul police stated that total damages amount to 64 billion won, with over 21 billion won stolen in cryptocurrency. Police noted that attempts to liquidate Jung-kook's HYBE stocks were blocked before losses could occur.

The rise in cyber attacks underscores the growing threat to celebrities and high-profile individuals who become targets for criminal organizations. The investigation direction also highlights the need for enhanced data security measures.

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