South Korea’s largest virtual asset platform, Upbit Exchange, has fallen victim to a major cyberattack, with the suspected Lazarus Group stealing approximately $36 million in assets. This breach highlights the ongoing vulnerability of crypto exchanges and raises concerns about market stability and customer protection. Despite the incident, Upbit assures customers that they will fully cover any potential losses using company reserves. The exchange has halted deposits and withdrawals for Solana assets to prevent further financial risks. Authorities are actively investigating the incident, with government agencies closely scrutinizing the attack’s connection to North Korea-linked Lazarus Group, a notorious cybercriminal organization. Upbit CEO Oh Kyoung-suk addressed the breach, promising full customer reimbursement and emphasizing immediate steps to secure funds and maintain trust in the platform.