North Korea Suspected of $30 Million Crypto Hack, Yonhap Says
NegativeTechnology
- North Korea's hacking group Lazarus is suspected of orchestrating a cyberattack that resulted in the theft of approximately $30 million from Upbit, South Korea's largest cryptocurrency exchange, as reported by Yonhap News. The incident occurred on Thursday, leading to significant financial losses for the exchange.
- This exploit has prompted Upbit to suspend all deposits and withdrawals, raising concerns about the security of digital assets in the cryptocurrency market. The timing of the hack is particularly critical, occurring just after a major acquisition announcement involving Upbit.
- The incident highlights ongoing vulnerabilities within the cryptocurrency sector, especially as Upbit was recently involved in a $10.3 billion acquisition deal by Naver Corp. This breach not only threatens Upbit's reputation but also raises questions about the broader implications for investor confidence and regulatory scrutiny in South Korea's rapidly evolving crypto landscape.
— via World Pulse Now AI Editorial System
