Man Hacks Chinese Video Giant; Steals Millions of Dollars – Gets Caught

A couple of weeks ago HackRead reported a hack in which a Dark Web seller was selling 100 million user accounts stolen from Chinese video service giant Youku Tudou. Now, it turns out that someone else was taking advantage of the hack or at least the vulnerability present in Youku’s server. 

The 21-year-old Mr. Hu (since his first name was not revealed) from Qianxi county in Guizhou province discovered a vulnerability in Youku’s payment system allowing him to make refunds which did not belong to him. Hu stole 13 million yuan (US$1.9 million) from the website and spent it on live-streaming programs tipping models, reported ThePaper.com.

More:  Chinese Scam Website Caught Selling Hacked Xbox Accounts
Mr. Hu / Image Credit: ThePaper.cn

Mr. Hu was sentenced to 15years in prison after pleading guilty in a hearing in Beijing, China. The 21-year-old ran an online software store and pleaded guilty to theft at a hearing in Beijing, according to the article. He was sentenced to 15 years in prison. However, it seems like the 15 years prison time did not evoke remorse for what he did since in the court he categorically stated that he is sorry for what he did to Youku but he does not regret his actions.

“I’m sorry [for what I did] to the Youku company, but I don’t regret this. I have learned so much about life,” he said.

Youku is not only popular in China but also holds a global rank of 229 according to Alexa.

It is unclear what vulnerability Hu discovered to make payment refunds however while the West blames China for conducting large-scale attacks against it the fact is that Chinese cyberinfrastructure especially social media and tech companies are vulnerable to hacking. For example, currently; billions of user accounts stolen from Chinese Internet giants are being sold on the Dark Web including NetEase, Yeah.net, QQ.com, Sina.com, Sohu.com, Tom.com, eyou.com, and Nate.com.

Image Credit: Shutterstock/BeeBright


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Waqas

Waqas Amir is a Milan-based cybersecurity journalist with a passion for covering latest happenings in cyber security and tech world. In addition to being the founder of this website, Waqas is also into gaming, reading and investigative journalism.