Upbit Hack: $4M Stolen, North Korea Suspected
Update: 2025-11-28
Description
South Koreas largest cryptocurrency exchange, Upbit, suffered a significant cyberattack, losing four million US dollars. The attackers stole forty-four point five billion won from various accounts. Upbit used its own reserves to reimburse all affected customers, and authorities are investigating the incident, suspecting North Koreas Lazarus group. Two point three billion won was frozen through blockchain tracking, and Upbit halted deposits and withdrawals to contain the damage. The situation remains under investigation as Upbit works to enhance security measures.
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