A security breach at South Korean cryptocurrency exchange Upbit has resulted in the theft of approximately 44.5 billion won ($30 million), allegedly perpetrated by the North Korean-linked group known as the Lazarus Group. The incident raises concerns about the increasing vulnerability of cryptocurrency exchanges to state-sponsored cyberattacks. While authorities are investigating, Upbit CEO Oh Kyung-seok has assured users that they will cover all losses and prevent further asset damage. 20 different crypto token types were stolen from Upbit’s system, with Solana (SOL), USDC, and memecoins being among the most significant. The breach appears to have been triggered by unauthorized administrator access rather than a server attack, according to Upbit’s management. Experts warn that this incident underscores the urgent need for strengthened security protocols to mitigate future risks. 44.5 billion won (approx $30 million) was stolen in what some experts believe is an attempt to exploit vulnerabilities at the exchange.