South Korean police arrest gang for $602K crypto wallet hack

South Korean police have arrested a new type of phishing gang accused of hacking a cryptocurrency wallet and stealing 800 million won (about $602,000) worth of Tether (USDT), Newsis reported. The Seoul Gangbuk Police Station announced today that it had arrested seven members of the organization on charges including violations of the Information and Communications Network Act and the Act on the Aggravated Punishment of Specific Economic Crimes. Six of the individuals, including the 41-year-old leader identified only as A, have been detained. The group is accused of carrying out the hack around April of last year.