Crypto Market Update: North Korean Hackers Target Upbit Exchange
Friday, 28 November 2025, 01:14
Recent Developments in the Crypto Market
Crypto market update reveals that South Korean authorities have linked North Korea's Lazarus Group to the recent breach of the Upbit exchange on November 27. Reports indicate that investigators are preparing for an on-site inspection at Upbit as part of the ongoing inquiry.
Details of The Incident
- Approximately $36 million in various tokens were siphoned off following irregular withdrawals on the Solana network.
- In response to the breach, Upbit has frozen the affected wallets.
- The exchange has moved the remaining assets to cold storage for enhanced security.
Exchange's Commitment to Users
Upbit has pledged to fully compensate all customers affected by this unfortunate incident, reinforcing their commitment to user security and trust.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.