Bitcoin Extortion: Bomb Threat Caller Demands $1M From Hyundai In South Korea

4 Min Read
4 Min Read

Hyundai Group’s Seoul workplace was evacuated after receiving an electronic mail threatening to blow up until a Bitcoin ransom was paid, in line with authorities and media stories.

The message demanded 13 Bitcoins (roughly $1.1 million), set a deadline of 11:30 a.m., and prompted quick safety motion on a number of firm websites on December 20, 2025.

Menace despatched to workplace in Seoul

Based on police and media shops, two places had been named within the electronic mail: the Hyundai Group Constructing in Yeonji-dong, Jongno-gu, and the Hyundai Motor Group Tower in Yangjae-dong, Seocho-gu.

Employees left the office, buildings had been evacuated and native police mobilized particular forces. Based on stories, Hyundai Motor Co. has shifted its operations to distant work whereas authorities search its premises.

Police eliminated the constructing after clearing the realm.

Bomb squad and police searched rooms and public areas at each websites. Tools was used and rooms had been systematically checked. No explosives or suspicious gadgets had been discovered, authorities mentioned.

Through the hours-long search, roads close to the constructing had been closed and entry was strictly restricted. Based on sources near the corporate and legislation enforcement, the requested 13BTC switch was not tracked and Hyundai didn’t pay the ransom.

Bitcoin is presently buying and selling at $88,578. Chart: TradingView

Officers mentioned the menace gave the impression to be geared toward encouraging alarm somewhat than reporting a verifiable plan. Investigators are amassing digital proof from the threatening electronic mail and are working with cyber models to hint its supply.

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As a part of commonplace process, a search of close by surveillance footage and constructing logs was carried out. Witnesses mentioned the state of affairs on the scene was tense, with workers calmly led away and officers coordinating secure motion.

A part of a broader sample of extortion

Primarily based on stories from a number of media shops, this incident just isn’t remoted. Related threats have focused main South Korean corporations in current days, with messages mentioning Samsung Electronics, KT, Kakao, and Naver.

Authorities consider a few of the messages could also be copycat makes an attempt or organized extortion that depend on worry somewhat than actual bombs. Officers mentioned they deal with each bit of knowledge severely, making an attempt to tell apart between dependable info and misinformation.

The Monetary and Cybercrime Division has famous a rise in ransom calls for associated to cryptocurrencies within the area over the previous few months. Attackers favor cryptocurrencies due to the potential for cross-border assaults, however when corporations and exchanges work collectively, monitoring transactions can reveal helpful clues.

Analysts who observe such circumstances say legislation enforcement authorities now routinely mix bodily safety checks with blockchain evaluation to trace the financial path.

Hyundai issued a brief assertion confirming the evacuation and thanking emergency companies for his or her fast response, however declined to touch upon particulars of the investigation.

Featured picture from Unsplash, chart from TradingView

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