The post Seoul Police Dismantles International Hacking Ring with Chainalysis Technology appeared on BitcoinEthereumNews.com.

Caroline Bishop
Sep 09, 2025 09:04

The Seoul Police have successfully dismantled a sophisticated international cybercrime operation, recovering 39 billion won using Chainalysis blockchain intelligence tools.

In a landmark operation, the Seoul Police have dismantled one of the most sophisticated international cybercrime rings to date, recovering 39 billion won (approximately USD 30 million). This operation was facilitated by the advanced blockchain intelligence tools provided by Chainalysis, according to Chainalysis. Case Overview: A Bold International Hacking Ring The investigation began in September 2023 when the Seoul Metropolitan Police Agency received a report from a local company executive about unauthorized access to their account. Initially appearing as an isolated incident, further investigations unveiled a series of similar cases by December of the same year. The perpetrators were found to have used unauthorized mobile phones registered under the victims’ names to siphon funds. The cybercriminals hacked personal information and, posing as institutional employees, even approached the victims’ families for further criminal activities. The methods employed by the hacking ring were described as unprecedented by Kim Kyung-hwan, the head of the Seoul Metropolitan Police Agency’s Cyber Crime Investigation Unit. Tracing Funds with Chainalysis To obscure their tracks, the criminals converted the stolen funds into cryptocurrencies. However, this strategy was effectively countered by the Chainalysis blockchain data platform. Utilizing Chainalysis Reactor, the police unraveled the complex web of transactions, visualizing and tracing the flow of the illicit funds. The Reactor graphs played a crucial role in this investigation, demonstrating the importance of Chainalysis technology in mapping out the financial networks of the criminal organization. Despite the criminals’ attempts to evade detection by converting their proceeds into cryptocurrencies, the transparency of blockchain transactions and advanced analytical tools rendered their efforts futile. The investigation extended beyond Korea, involving international…

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Filed under: News - @ September 9, 2025 5:44 pm