30s Arrested for Collecting Cryptocurrency Account Information on Naver Band and Embezzling 800 Million Won

Using Collected Account Information to Hack Virtual Assets Worth 820 Million KRW
Among 90 Victims, One Lost 540 Million KRW

Busan Dongnae Police Station arrested and sent to prosecution a man in his 30s who hacked virtual asset exchange account information exposed on Naver Band on the 13th of last month and embezzled several hundred million won.

[Asia Economy Intern Reporter Kim Gun-chan] A man in his 30s who hacked virtual asset exchange account information exposed on Naver Band and embezzled hundreds of millions of won was arrested by the police.

Busan Dongnae Police Station announced on the 1st that they had arrested and sent Mr. A to prosecution on the 13th of last month on charges of computer fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.

From January to May this year, Mr. A collected virtual asset exchange account information from a Naver Band where cryptocurrency information was shared. He is suspected of hacking virtual assets worth 820 million won using the collected account information.

According to the police investigation, the number of victims was identified as a total of 90. Among them, the account information of about 70 people was exposed because the administrator of the Naver Band sharing cryptocurrency information mistakenly posted members' information as public posts. In addition, Mr. A is believed to have found posts containing information of the remaining 10 or so people uploaded on personal bands by using specific search terms.

Mr. A embezzled a total of 821.59 million won using the collected account information. The victim who suffered the greatest damage was defrauded of 540 million won.

After receiving a report from the victims and starting an investigation, the police arrested him at his residence near Gimpo Airport on the 13th of last month. Mr. A is currently in custody and has been sent to prosecution.

A police official said, "As elderly people are also investing in coins, cases of sharing account information on platforms like Naver Band are increasing," and urged, "There is a risk of leakage, so caution is necessary."

This content was produced with the assistance of AI translation services.