SEOUL, South Korea — A hacker who stole BTS member Jungkook’s identity to open securities accounts and sell stocks has admitted to some charges in a major fraud case involving millions of dollars. Authorities have arrested 16 suspects linked to the cybercrime ring.
The scandal began in January 2024 while Jungkook was serving in the military. The main suspect, identified as Jeon, 34, used the singer’s identity to open a securities account and reportedly sold stocks worth nearly 100 million KRW (approximately $73,000) to third parties. Jungkook later recovered the lost funds through a civil lawsuit filed in March.
At a press briefing on August 25, a Seoul Metropolitan Police official confirmed that Jeon has admitted to some charges but denied others. Police say the investigation is ongoing based on collected evidence.
Jeon, a Chinese national, allegedly hacked multiple domestic telecommunications platforms and online services between August 2023 and January 2024, violating South Korea’s Information and Communications Network Act. He was extradited from Thailand on August 22 and arrested on August 24 in Seoul.
Investigators revealed that Jeon’s fraud extended beyond Jungkook, involving the identities of a top chaebol chairman, a venture CEO, and other prominent figures. The criminal network activated mobile accounts and diverted funds from financial and virtual asset accounts.
So far, the confirmed financial damage from the scheme totals an estimated 38 billion KRW (about $27.7 million USD). Out of 16 suspects arrested, two remain in custody. Jeon is expected to be formally charged this week.
Authorities stress the importance of uncovering the full extent of the damage caused by the identity theft ring. The case has raised alarm over cybersecurity vulnerabilities in South Korea, especially concerning the personal data of high-profile celebrities like BTS.
Fans of Jungkook have voiced outrage, calling for stronger data protections and tougher penalties for cybercriminals. Officials hope this case will prompt enhanced security measures nationwide.
