Upbit Solana Hack: Lazarus Group Suspected Behind Major Crypto Heist

South Korea’s largest cryptocurrency exchange, Upbit, has suffered a significant security breach impacting its Solana hot wallets. The hack resulted in the loss of multiple cryptocurrencies, including SOL and USDC, from over 24 different Solana-based tokens. Despite immediate action to halt deposits and withdrawals and launch an investigation, the incident highlights vulnerabilities within centralized exchanges regarding cybersecurity, geopolitical risks, and user trust. This article delves into the details of the hack, suspected involvement of Lazarus Group, and the broader implications for the crypto industry.