{"id":39600,"date":"2022-12-29T10:49:29","date_gmt":"2022-12-29T10:49:29","guid":{"rendered":"http:\/\/egrowonline.com\/?p=39600"},"modified":"2022-12-29T10:49:29","modified_gmt":"2022-12-29T10:49:29","slug":"hacker-stole-6-7m-from-dead-ceos-crypto-wallets","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=39600","title":{"rendered":"Hacker Stole $6.7m from Dead CEO\u2019s Crypto Wallets"},"content":{"rendered":"


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Source: Mehaniq41\/Adobe<\/figcaption><\/figure>\n

A South Korean<\/a> hacker stole $6.7 million from crypto wallets belonging to the deceased CEO of a business empire that included the crypto exchanges Korbit and Bitstamp.<\/p>\n

Yonhap<\/a> reported that a branch of the District Court in Eastern Seoul sentenced an unnamed 39-year-old man to six years in prison after finding him guilty of hacking the wallets of the NXC founder Kim Jeong-ju.<\/a> Kim died earlier this year at the age of 54. The hacker was also fined $89,000.<\/p>\n

Kim\u2019s business empire included the South Korean gaming giant Nexon, which is listed on the Tokyo Stock Exchange. A keen crypto advocate, Kim also oversaw the purchase of Korbit. The platform is South Korea\u2019s first crypto exchange \u2013 and is still one of its largest. He also bought Europe\u2019s oldest crypto trading platform, Bitstamp.<\/p>\n

In addition to his business activities, Kim was also an avid private crypto investor, and had built up a portfolio of coins that included bitcoin (BTC)<\/a>, ethereum (ETH)<\/a>, and altcoin holdings. The court heard that he kept his coins in wallets hosted on the Korbit platform.<\/p>\n

Upon Kim\u2019s death, the hacker, the court heard, cloned Kim\u2019s SIM cards. The hacker then used the cloned SIM to access Kim\u2019s wallets on Korbit \u2013 and managed to siphon BTC, ETH, and altcoins from the wallets on \u201cmore than 27 occasions.\u201d<\/p>\n

$6.7m Hacker \u2018Had Gangland Help\u2019<\/h2>\n

The court also ordered the hacker to pay back the total amount of $6.7 million to \u201cthree applicants\u201d \u2013 thought to be members of Kim\u2019s estate.<\/p>\n

However, an official from the prosecution was quoted as conceding that \u201cthe damages\u201d from the raids on Kim\u2019s wallets \u201chave not yet been fully recovered.\u201d<\/p>\n

The court also heard that the hacker had worked with \u201cgangland\u201d accomplices. These individuals, the court heard, provided the hacker with pointers on SIM cloning techniques.<\/p>\n

Kim, who had been suffering from depression, died suddenly while on vacation in Hawaii in February. At the time of his death, he was South Korea\u2019s third-richest person, and had an estimated net worth of around $10.7 billion.<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Mehaniq41\/Adobe A South Korean hacker stole $6.7 million from crypto wallets belonging to the deceased CEO of a business empire that included the crypto exchanges Korbit and Bitstamp. Yonhap reported that a branch of the District Court in Eastern Seoul sentenced an unnamed 39-year-old man to six years in prison after finding him guilty […]<\/p>\n","protected":false},"author":1,"featured_media":39601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[13093,1223,62,779,3288,3563,833],"class_list":["post-39600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-67m","tag-ceos","tag-crypto","tag-dead","tag-hacker","tag-stole","tag-wallets"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/adobestock-226583261___media_library_original_1200_795.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39600"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39600\/revisions"}],"predecessor-version":[{"id":39602,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39600\/revisions\/39602"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/39601"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39600"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}