South Korea Investigates $30M Cryptocurrency Heist
Update: 2025-11-28
Description
South Korean authorities are investigating a major cryptocurrency hack at Upbit, suspecting the Lazarus Group, linked to North Koreas spy agency, could be responsible. The incident involved the illegal withdrawal of $30.4 million, resembling a previous $58 million heist in 2019. The timing of the attack, just hours before Navers acquisition of Upbits parent company, adds complexity to the situation.
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