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

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

Segye Ilbo reported that the person seems to have obtained a big cache of non-public information – together with what seems to have been crypto pockets and alternate login particulars – that was leaked onto a channel on Naver Band, a gaggle 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 data seems to have been leaked by chance by a gaggle admin, who seems to have by accident revealed a slew of personal particulars in a publish that mistakenly went public for a short while.

The person is believed to have used this information 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-Might, gathering extra information on his meant victims from additional web searches on the platform and elsewhere.

Officers stated they raided the person’s house, 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 below the phrases of the Act on the Aggravated Punishment and many others. of Particular Financial Crimes. The prosecution will now determine whether or not or to not indict the person, who would then face prison prices and a proper trial.

Police have beforehand acknowledged that crypto-related crime is on the up within the nation, the place information launched in current days has proven that nearly 9,000 folks nationwide final 12 months reported to have fallen sufferer to crypto fraudsters, rip-off artists, and thieves. In 2018, that quantity was simply 388, officers stated.