Upbit's 4.8 Billion Yen Hack: Authorities Investigate Involvement of North Korea's Lazarus Group

According to a report by South Korea's Yonhap News on the 28th, South Korean authorities suspect the involvement of North Korea's hacking group 'Lazarus' in the outflow of approximately 44.5 billion won (about 4.8 billion yen) worth of cryptocurrency from Upbit, which occurred on the 27th. According to government and industry insiders, authorities are preparing an on-site investigation of the exchange, suspecting the crime was committed by Lazarus. On the 27th, Dunamu, the operator of Upbit, confirmed that assets related to Solana worth 44.5 billion won were transferred to an unauthorized wallet address, and announced plans to compensate the full amount with its own funds. A spokesperson for Dunamu spoke to Decrypt...