The 8.44 billion worth of BTS member Jungkook’s stocks were stolen when he was a victim of identity theft while serving in the military.
K-pop sensation Jungkook of the band BTS has fallen victim to a major identity theft scheme.
Reports on Saturday state that an unidentified perpetrator illegally moved 8.44 billion KRW worth of HYBE stocks to another account in Jungkook’s name while the singer was serving his mandatory military duty.
According to Biz Hankook, the incident occurred on January 6, 2024, shortly after Jungkook enlisted. Reports reveal that an unidentified individual opened three securities accounts in the star’s name and used them to transfer 33,500 shares of HYBE without his knowledge. The 33,000 shares valued at approximately 8.3 billion KRW, were transferred to a new account under Jungkook’s name, while 500 shares worth 126 million KRW were sold to a third-party.
In response to the incident, Big Hit Music froze all of Jungkook’s accounts to minimise damages and prevent further financial losses.