Jungkook stock theft incident was revealed, showing that someone used his identity to steal and sell 33,500 HYBE shares. BIGHIT MUSIC quickly responded by freezing transactions and strengthening security, while Jungkook pursued legal action to reclaim 500 shares. Online discussions speculate internal involvement, and investigations continue to identify the perpetrator.
Jungkook Stock Theft Incident Uncovered
Jungkook, a member of BTS, was a victim of stock theft after his identity was used to illegally transfer and sell his HYBE shares. The incident occurred in January 2023, shortly after his military enlistment. A total of 33,500 shares, worth approximately ₩8.4 billion ($6.3 million) at the time, were stolen. The perpetrator opened a securities account under Jungkook’s name, moved 33,000 shares to a new account, and sold the remaining 500 shares to a third party.
HYBE’s Response to Jungkook Stock Theft
BIGHIT MUSIC, Jungkook’s agency under HYBE, quickly detected the unauthorized stock transfer and took immediate action. The company froze transactions on the affected accounts, preventing further losses. They assured that no significant financial harm occurred due to their swift intervention. Additionally, they implemented stronger security measures to protect artists’ personal and financial data from future breaches.
Legal Actions Following Jungkook Stock Theft
Jungkook pursued legal action to reclaim the 500 shares that had been sold to a third party. The Seoul Western District Court ruled in his favor, ordering the return of the shares. However, the person responsible for the identity theft and unauthorized transactions has yet to be caught. Investigations are ongoing to determine how the perpetrator accessed Jungkook’s personal and financial details.
Online Reactions and Speculation
The incident has sparked discussions in Korean online communities. On MLBPARK, many users speculate that someone inside BIGHIT MUSIC may have been involved, given the level of access required to open an account in Jungkook’s name. Some argue that BIGHIT MUSIC failed to protect him properly, leading to calls for him to leave the company.
Meanwhile, discussions on instiz suggest that the perpetrator not only stole Jungkook’s stocks but also withdrew funds from his personal bank account. Reports claim that the thief successfully transferred ₩100 million ($75,000) from Jungkook’s account, which led him to notice the fraud. Fortunately, he was able to recover the stolen cash. Some users believe the culprit might be someone close to Jungkook, as they had access to sensitive banking details, including his account number, password, and ID.
Ongoing Investigation and Future Developments
With the investigation still ongoing, authorities are working to identify the culprit and determine the full extent of the crime. The case highlights the risks of identity theft and the need for stronger security measures, especially for high-profile individuals like Jungkook. Fans and industry insiders are closely monitoring developments, hoping for a resolution and better protections for artists in the future.
Here’s a link to MLBPARK. Here’s a link to instiz.
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Phew, so relieved that Jungkook didn’t suffer any financial damage. But it’s not over until they catch the culprit. Jungkook must have been going through a lot, especially in the military where he couldn’t do much.