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    Man in South Korea Charged for Stealing Cryptocurrency

    By Ammar Mukhtar

    Jun 06,2022

    5:05 AM UTC

    Police in Seoul, South Korea, have captured and charged a 30-year-elderly person after officials supposedly found proof that he might have taken some USD 660,000 worth of crypto utilizing information he reaped from a famous social media network.

    Segye Ilbo revealed that the man seems to have gotten an enormous reserve of individual information – including what seems to have been crypto wallet and trade login subtleties – that was spilled onto a channel on Naver Band, a gathering talk administration given by the web monster Naver.

    Officials said the man is remembered to have taken tokens from nearly 90 people, with one losing more than USD 400,000.

    The data seems to have been spilled coincidentally by a gathering administrator, who seems to have unintentionally distributed a huge number of private subtleties in a post that erroneously opened up to the world for a brief time frame.

    The man is accepted to have utilized this information to hack passwords, getting to the gathering’s crypto wallets over a time of five months. Police say the man started his hacking effort in January and went on until his capture in mid-May, assembling additional information on his planned casualties from additional web look-through on the stage and somewhere else.

    Officials said they attacked the man’s home, where they captured him for addressing – prior to sending the case to the indictment this week.

    The police said they had acted after what seemed to have been a clue. The man was accused of PC extortion infringement under the provisions of the Act on the Aggravated Punishment and so forth of Specific Economic Crimes. The arraignment will presently choose whether or not to prosecute the man, who might then have to deal with criminal penalties and a conventional preliminary.

    Police have recently expressed that crypto-related wrongdoing is on the up in the nation, where information delivered as of late has shown that just about 9,000 individuals across the country last year answered to have succumbed to crypto fraudsters, trick specialists, and criminals. In 2018, that number was only 388, officials said.

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