The Korean break into a love hotel to steal GPUs for mining cryptocurrencies

Criminals have come up with a sinister scheme to build their token portfolio – by stealing graphics cards from PCs in South Korean “love hotels,” motels that serve couples craving physical intimacy.

In addition, thieves are taking advantage of the still high GPU prices to sell tokens to miners – or to steal CPUs for mining cryptocurrencies.

Break into a Korean love hotel to steal GPU for mining cryptocurrencies

Love hotels exist across Korea and at sea in Japan to provide short-term accommodation for young, mostly unmarried couples.

These motels often place great value on anonymity – many only accept cash payments and offer discreet parking and other privacy-enhancing features. Some allow couples to enter their rooms directly from the parking lot, so they don’t risk meeting acquaintances in the elevator or on the stairs.

Some of the more upscale motels have amenities like high quality TVs and gaming desktops. And it seems that some criminals have found a way to take advantage of this – by looting high quality graphics units from computers in love hotels to sell to miners, or using GPUs for operations.

Busan Ilbo and Asia Kyungjae said thieves stole $ 3,500 worth of GPUs from a motel in southern Michuhol district of Incheon on June 12.

Police said the thieves were still very large, but identified them as “teenagers or 20s”.

The inspectors said people rented a room through a smartphone app and found hotel room facilities designed and furnished for avid gaming fans. The thieves removed the GPU from the device before asking to change rooms. The motel owner didn’t know what had just happened. The two men then continued to rest, dismantling the equipment in this room – before they fled.

Police officers claim that thieves are taking advantage of the still high GPU prices to sell tokens to miners – or possibly use them to mine cryptocurrencies.

The inspectors added that they are still looking into CCTV footage from nearby businesses to identify these people.

Earlier this month, a group of teenagers who had committed a similar theft at a love hotel in the same district were later arrested by police.

Back in February, Incheon police successfully tracked down another group of crypto-interested intruders – two men in their twenties – after they destroyed a computer at a love hotel to steal the GPU and memory card and count money stolen by thieves has been.

The police have warned the operators of love hotels to be “on the lookout for other GPU thefts”.

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