Cryptocurrency Criminals Use PUBG to Orchestrate $2.47M Hack

A group of online criminals from Turkey have been detained by local authorities on suspicion of hacking a domestic cryptocurrency company. Those behind the security breach are thought to have used the popular video game PUBG to communicate prior to the attack.

The Turkish company has had around $2.47 million taken from it in the hack. Some of this figure has been recovered in raids following the arrest of those connected with the incident.

Raids Across Turkey Recover Just $256,000 of Missing $2.47M in Cryptocurrency

Digital currencies held in large amounts by a single entity have long been a target for online criminals. According to local news publication DailySabah, the latest example of a company falling victim to such an attack is that of an Istanbul-based cryptocurrency firm. The source did not disclose the nature of the company affected but many similar, previous examples have been digital currency trading platforms.

The publication states that a total of 24 people have been detained following a nationwide search across eight of Turkey’s provinces. These individuals were arrested on the suspicion of their involvement in the $2.47 million digital heist.

Authorities were originally alerted to the hack by the company itself. In the initial report, it stated