HomeCRYPTO NEWSHacker Used ‘Social Media Knowledge Leak’ to Steal USD 660K in Crypto...

Hacker Used ‘Social Media Knowledge Leak’ to Steal USD 660K in Crypto from 90 Victims – Police

Supply: Adobe/metelevan

Police in Seoul, South Korea, have arrested and charged a 30-year-old man after officers reportedly discovered proof that he might have stolen some USD 660,000 price of crypto utilizing knowledge he harvested from a preferred social media community.

Segye Ilbo reported that the person seems to have obtained a big cache of non-public knowledge – together with what seems to have been crypto pockets and trade login particulars – that was leaked onto a channel on Naver Band, a bunch chat service supplied by the web big Naver.

Officers stated the person is assumed to have stolen tokens from some 90 people, with one shedding greater than USD 400,000.

The knowledge seems to have been leaked by chance by a bunch admin, who seems to have by chance printed a slew of personal particulars in a publish that mistakenly went public for a short while.

The person is believed to have used this knowledge to hack passwords, accessing the group’s crypto wallets over a interval of 5 months. Police say the person started his hacking marketing campaign in January and continued till his arrest in mid-Could, gathering extra knowledge on his supposed victims from additional web searches on the platform and elsewhere.

Officers stated they raided the person’s residence, the place they arrested him for questioning – earlier than sending the case to the prosecution this week.

The police stated that they had acted after what seems to have been a tip-off. The person was charged with pc fraud violations beneath the phrases of the Act on the Aggravated Punishment and so on. of Particular Financial Crimes. The prosecution will now resolve whether or not or to not indict the person, who would then face felony prices and a proper trial.

Police have beforehand said that crypto-related crime is on the up within the nation, the place knowledge launched in latest days has proven that just about 9,000 individuals nationwide final yr reported to have fallen sufferer to crypto fraudsters, rip-off artists, and thieves. In 2018, that quantity was simply 388, officers stated.
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