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A "revenge attack" funded by cryptocurrency has emerged in South Korea, with suspects receiving rewards of $300 to $600

Mar 3, 2026 22:45:53

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The South Korean police are investigating a series of revenge attack cases funded by cryptocurrency. Suspects accept payments of $300-600 in cryptocurrency from anonymous employers via Telegram to vandalize and defame target residences.

In a recent case in Hwaseong City, a suspect in his 20s, Lim, spray-painted the victim's front door with red paint, scattered food waste, and smeared human excrement in the stairwell. South Korean police believe that a group claiming to be a private revenge organization is active on Korean Telegram channels. A similar phenomenon has been observed in Russia, where intermediaries offer customized revenge services through cryptocurrency and Telegram, charging up to $1,500, primarily using Bitcoin and other cryptocurrencies for transactions to maintain anonymity.

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