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Five alleged hackers have been charged by the US government for orchestrating a sophisticated scheme to steal millions of dollars in cryptocurrency and corporate data. The hackers are believed to be members of the notorious Scattered Spider cybercrime group. Their attacks targeted multiple companies including MGM, Reddit, and Caesars, resulting in significant financial losses and the theft of personal information from hundreds of thousands of individuals.

The “Scattered Spider” hacking group, also known as 0ktapus, targeted major tech companies like Coinbase, DoorDash, Mailchimp, and Twilio. After evading capture for over two years, U.S. authorities apprehended at least some members of this group responsible for a significant hacking spree. The group’s sophisticated attacks resulted in the theft of substantial amounts of sensitive data and financial losses. This highlights the ever-evolving nature of cyber threats and the need for robust security measures across various industries.