North Korea’s Lazarus Group suspected in massive Upbit crypto breach
Crypto Briefing
South Korea's Upbit exchange suffered a $30.6 million crypto theft, suspected to be orchestrated by North Korea's Lazarus Group.Summary
South Korea's largest cryptocurrency exchange, Upbit, experienced a massive theft of approximately 45 billion won ($30.6 million) from its Solana-network hot wallet. The North Korean hacking collective, Lazarus Group, is suspected of orchestrating the breach, which prompted authorities to launch an on-site investigation. Following the discovery of unauthorized transfers, Upbit immediately suspended all deposits and withdrawals. The exchange has committed to fully reimbursing affected users using company-owned assets. Lazarus Group is known for targeting crypto platforms to fund North Korean regime activities through similar exploits.
(Source：Crypto Briefing)