Hyundai Offices In South Korea Targeted By Bomb Threat Over Bitcoin Ransom
Two Hyundai buildings in Seoul, South Korea, faced a bomb threat on Friday, forcing an evacuation after an anonymous individual demanded 13 Bitcoin (valued at over $1 million) in ransom. The bomb scare disrupted operations, but fortunately, no explosives were found after a thorough search by special forces.
Details of the Threat
The alleged perpetrator called South Korean police, threatening to detonate bombs in the Hyundai Group building if the ransom was not paid. According to reports, the caller stated: “If you don’t give me 13 Bitcoin, I will blow up the Hyundai Group building at 11:30 a.m. and then take a bomb to Yangjae-dong.”
Similar threats plagued prominent companies earlier in the week, including Samsung Electronics and a Korean telecom company. While these cases disrupted operations, it remains unclear if Bitcoin demands were involved in prior incidents.
A Growing Pattern of Threats Tied to Cryptocurrency
This incident isn’t the first time there have been ransom-related threats involving Bitcoin. In 2020, a bomb threat in Japan targeted churches and schools, demanding 40 Bitcoin. A similar wave of global incidents during 2018 even caught the attention of the U.S. National Cybersecurity and Communications Integration Center.
Additionally, cryptocurrency-related violence has escalated as Bitcoin has grown in value. Physical coercion tactics, known as “wrench attacks,” are on the rise globally. High-profile incidents include a Russian man attacking a crypto exchange with grenades in November and a home invasion in San Francisco that resulted in the theft of $11 million in crypto.
Security and Prevention Tips for Cryptocurrency Holders
With the increase in crime revolving around digital assets, it’s critical for individuals and businesses to take extra precautions. Tools like hardware wallets are essential for securing funds. Take a look at the trusted Ledger Nano X, a hardware wallet designed to protect cryptocurrency investments, which has gained popularity among industry enthusiasts.
A Call for Cybersecurity Awareness
The Hyundai bomb threat underscores the need for comprehensive cybersecurity measures across companies and governments. Cryptocurrency-related attacks often stem from gaps in digital security and awareness. As digital assets become mainstream, proactive measures are critical in ensuring safety.
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