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South Korean authorities suspect North Korean hacking group Lazarus was behind yesterday's attack on Upbit

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2025-11-28 02:21:26
South Korean virtual asset exchange Upbit suffered a hack attack, and virtual assets worth 44.50 billion won were stolen. At present, the Lazarus Group, a hacking group under the North Korean Reconnaissance General Administration, is highly suspected of being behind the incident.
Yonhap News Agency learned from the Information Communication Technology (ICT) industry and relevant departments of the South Korean government that the authorities are conducting on-site inspections of Upbit in view of the large suspicion of the Lazarus Group, a hacker group under the North Korean Reconnaissance General Administration. The hacker group was accused of participating in the theft of Upbit's value 58 billion South Korean won Ethereum in 2019. "The attack is unlikely to be aimed at the server, and it is more likely that the administrator account was stolen, or the money transfer was disguised as an administrator," the government official said. He also said: "According to the current situation, the hackers used this method to carry out the attack six years ago, so it is speculated that the same method is used this time."
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