South Korea Accuses North Korean Hackers of Stealing $50M in Crypto From Upbit
South Korean authorities have accused North Korean hackers of attacking the Upbit crypto exchange in 2019 and making away with $50 million in crypto. According to the National Office of Investigation (NOI), notorious hacker organizations Andariel and Lazaraus were behind the hack, in which about 342,000 ETH were stolen. Stolen Crypto Value Exceeds $1 Billion
Andrew Richard2 min read
South Korean authorities have accused North Korean hackers of attacking the Upbit crypto exchange in 2019 and making away with $50 million in crypto. According to the National Office of Investigation (NOI), notorious hacker organizations Andariel and Lazaraus were behind the hack, in which about 342,000 ETH were stolen.
On November 27th, 2019, South Korean crypto exchange Upbit reported that attackers had stolen the ETH tokens from its hot wallets. At the time, ETH was trading at $147. With the recent gains realized by the coin, priced at $3,330 at press time, the value of the stolen tokens has risen to over $1 billion.
Meanwhile, South Korean-based media house Yonhap News says this is the first time the country’s authorities have linked North Korea to a crypto hack. It reveals that NOI confirmed North Korean hackers’ involvement in the Upbit attack after tracking IP addresses and crypto flows.
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