BTS Jungkook’s ₩8.3 Billion Stock Heist During Military Service: “Restored, No Damages”

BTS Jungkook’s ₩8.3 Billion Stock Heist During Military Service: “Restored, No Damages”

On March 22, BigHit Music made a statement to Xports News concerning a recent incident involving one of their prominent artists. They asserted, “Upon discovering the criminal activity, we promptly acted to suspend all transactions on the associated account to mitigate any potential harm.”

Furthermore, the company emphasized, “In conjunction with legal actions, we have enhanced our security measures regarding the artist’s personal data and devices to avert any future occurrences.”

Jungkook stock stolen

As reported by Biz Hankook on the same day, during January 2024, while Jungkook was engaged in basic military training, a total of 33, 500 shares of HYBE stock were unlawfully transferred to an unauthorized account without his approval. The individual responsible then attempted to sell 500 of these shares, valued at around ₩126 million, aiming to profit illegally.

In response to this situation, Jungkook initiated legal proceedings against the third-party buyer of the 500 shares. A ruling from the Seoul Western District Court in February confirmed, “There was no legitimate transfer agreement concerning the stocks, illustrating that Jungkook was a victim of identity theft.” As a result, the court mandated the return of all shares to him.

Jungkook and HYBE

Even though legal measures are in progress, the criminal who infiltrated Jungkook’s account remains at large. Given the access gained to Jungkook’s account, identification card, banking passwords, and sensitive financial details, there is growing concern that the perpetrator may be someone from his inner circle.

Looking ahead, Jungkook is set to conclude his military service and will be discharged on June 11, 2024.

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