North Korea’s Lazarus Group suspected in massive Upbit crypto breach
NegativeCryptocurrency
- 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.
- The breach underscores the ongoing threat posed by state-sponsored cybercrime to global financial systems, highlighting vulnerabilities within cryptocurrency exchanges and the urgent need for improved security protocols to protect user assets.
- This incident reflects a broader trend of increasing cyber threats targeting the cryptocurrency sector, with experts warning that North Korea may have infiltrated up to 20% of crypto firms, raising alarms about the security of digital assets and the potential for further attacks on financial institutions.
— via World Pulse Now AI Editorial System
