Upbit Hacked Again: Lazarus Group Suspected, Crypto Market Reacts

South Korea’s largest cryptocurrency exchange, Upbit, was hit with a major hack on the day of its merger announcement. The attack, attributed to the Lazarus Group, resulted in the theft of approximately $30.4 million from its Solana network hot wallet. This incident highlights ongoing security concerns within the crypto industry and raises questions about the vulnerabilities of key management systems across exchanges.