$32 Million Crypto Heist: North Korea’s Lazarus Suspected In Upbit Breach

Upbit, South Korea's largest cryptocurrency exchange, has initiated an accelerated security overhaul following a cyberattack that resulted in the unauthorized withdrawal of approximately $36 million from its Solana network. The exchange has temporarily suspended all deposits and withdrawals as investigations continue into the breach, which authorities suspect is linked to North Korea's Lazarus Group.

Upbit, South Korea's largest cryptocurrency exchange, has reported a significant hack resulting in the unauthorized withdrawal of approximately $36 million in assets from its Solana network. The exchange has suspended all deposits and withdrawals while an investigation is underway, with authorities suspecting the involvement of North Korea's Lazarus Group in the breach.

Upbit, South Korea's largest cryptocurrency exchange, has reported a significant security breach involving its Solana hot wallet, resulting in a loss estimated at approximately $36 million. The exchange has suspended all deposits and withdrawals while investigating the unusual transactions that prompted this action.

Upbit, South Korea's largest cryptocurrency exchange, reported a corporate loss of 5.9 billion won due to a recent hack, but has assured users that it will fully reimburse the 38.6 billion won in member assets from its reserves. This incident highlights ongoing security challenges in the cryptocurrency sector.

South Korean authorities have linked a $30 million hack of the Upbit cryptocurrency exchange to North Korea's Lazarus Group, a state-backed hacking organization. This breach, which occurred in November, has raised significant concerns about cybersecurity within the cryptocurrency sector, especially given the group's history of cyberattacks.

South Korea's largest cryptocurrency exchange, Upbit, has suspended all deposits and withdrawals following the detection of unusual activity involving Solana tokens, leading to a reported loss of approximately $36 million. Authorities suspect that the North Korea-linked Lazarus Group is behind this significant breach, raising concerns about the security of digital assets in the region.

North Korea's Lazarus Group is suspected of orchestrating a significant breach at Upbit, South Korea's largest cryptocurrency exchange, resulting in a loss of approximately $36 million from its Solana wallet. This incident has led Upbit to suspend all deposits and withdrawals as it investigates the breach and works to enhance security measures.