South Korea's "Revenge" organization appears on Telegram, paid with crypto

BTC-4,22%

A new wave of crime is emerging as people who consider themselves victims of injustice turn to crypto and messaging apps like Telegram to order on-demand revenge attacks.

South Korean police said they are investigating a series of cases of property vandalism, intimidation and defamation committed by individuals after receiving crypto payments. The arrestees claimed that they were paid to vandalize their homes and distribute material that offended their landlords.

In Gyeonggi Province, a suspect told police that he was paid between $300 and $600 to stuff threatening leaflets into his victims’ mailboxes, with the message in bold: “I won’t leave you alone.” According to the authorities, this person did not know the identity of the person who hired him, but the police confirmed that they would trace the mastermind.

Increase in crypto-related crime

The incidents come amid a rise in crypto-related crime in South Korea. Last month, prosecutors in Seoul indicted a man accused of poisoning his business partner’s coffee after embezzling company money to secretly invest in crypto in the amount of hundreds of thousands of dollars.

According to the Hankyoreh newspaper, the recent attacks share the same pattern.

On March 1, a branch of the Suwon District Court issued an arrest warrant for a young man surnamed Lim, in his 20s, on charges of vandalism. Police said the man broke into an apartment complex in Hwaseong City on the night of February 22, painted the victim’s door red, scattered food waste at the entrance and smeared dirt on a nearby staircase. Lim is also accused of distributing dozens of defamatory leaflets around the building.

Earlier, prosecutors in Anyang reported a similar case in Gunpo, in which the suspect also painted the door of a house and distributed leaflets with similar content.

Another incident was recorded in December in Pyeongtaek, when police arrested three people for “spraying dirt” on people’s doors and distributing defamatory materials. The three claimed that they received cryptocurrency payments from a stranger who contacted them via Telegram.

Suspected organization of “private revenge”

Police believe that an organization calling itself a “private revenge organization” is operating on Korean Telegram channels, acting as an intermediary connecting tenants and vandals.

This phenomenon is not unique to South Korea. In late 2024, the Russian newspaper Izvestia published evidence that intermediary networks have taken advantage of the anonymity of crypto and Telegram to run on-demand revenge services.

According to the investigation, these intermediaries collect about $1,500 from customers for arsons aimed at non-residential vehicles or property. An intermediary said he promoted the service on Telegram’s public chat rooms and the dark web, then paid about $750 to teenagers to perform the act. The entire transaction is said to be paid exclusively in Bitcoin and other cryptocurrencies.

Wang Tien

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Korean consumer agency initiates collective mediation for API activity subsidy dispute of a certain CEX

The Korea Consumer Agency has initiated a collective dispute resolution process regarding subsidies for a certain CEX API activity, as the exchange refused to distribute the promised subsidies to some users. 77 consumers applied for mediation in January, and the committee plans to release a mediation plan by March 23.

GateNews42m ago

The White House releases a cybersecurity strategy document, incorporating cryptocurrency and blockchain for the first time and emphasizing the fight against anonymous financial channels.

The White House released "President Trump's Cyber Strategy," emphasizing cyber offense, defense, and deterrence, and for the first time mentioning the protection of cryptocurrencies and blockchain. The strategy will target transnational cybercrime, expand cyber operation authorities, mobilize the private sector, and promote AI-driven defense systems.

GateNews1h ago

BlockFills seeks restructuring after suspension of withdrawals, FTX deja vu?

Renowned crypto broker BlockFills has suspended customer withdrawals due to market downturn and is seeking BRG's assistance for corporate restructuring. The company is facing litigation over mismanagement of funds, which has led to a federal injunction, and needs to improve internal governance to attract new capital. BlockFills' predicament is similar to past crypto platform collapses, and whether the restructuring can succeed in the future will be a focal point.

ChainNewsAbmedia1h ago

CFO Gets Prison Time After Losing $35 Million of Company Money in Crypto Side Hustle

Nevin Shetty, a Washington man, was sentenced to two years in prison for diverting $35 million from his employer to a DeFi platform, leading to significant company losses and layoffs. After investments collapsed, he confessed and was subsequently fired.

Decrypt7h ago

$10M Settlement Ends SEC Case Against Justin Sun

The SEC has reached a $10 million settlement with Justin Sun, resolving allegations of securities fraud linked to TRX and BTT tokens. The agreement dismisses personal claims against Sun and highlights the SEC's ongoing regulatory efforts in the crypto industry.

TodayqNews10h ago
Comment
0/400
No comments