Seoul Blames North Korea After Massive Upbit Crypto Theft
North Korea-linked hacker groups, especially the Lazarus Group, have been tied to major cryptocurrency thefts worldwide, using cyberattacks to generate revenue for Pyongyang’s sanctioned weapons programs. South Korea has repeatedly warned that its financial and crypto sectors are key targets. Upbit, the country’s largest crypto exchange, was previously hit by a major 2019 heist worth 58 billion won, which investigators also linked to Lazarus. The latest incident comes at a sensitive time: Upbit’s operator, Dunamu, is in the final stages of being acquired by Naver, South Korea’s biggest internet company.
Why It Matters
If confirmed, the attack would reinforce concerns that North Korea continues to ramp up sophisticated…
