Chinese Crime Ring Hacks Staples, Steals Over $5 Million in Gift Cards

• A Chinese crime ring hacked Staples in 2023, stealing over $5 million in gift cards.
• The crime ring used the stolen gift cards to purchase high-value tech gear at retailers like Target, Sephora, and Lowe's.
• Over 15,000 gift cards were issued by the hackers to themselves.
• The hack has not been made public by Staples to date.
• The incident was reported by 404 Media and Tom's Hardware.