Upbit Hack: Experts Warn of Massive Data Theft and Potential North Korean Connection

A recent attack on Upbit, one of South Korea’s leading cryptocurrency exchanges, highlights a much more complex scenario than typical hacking cases. Analysis by cybersecurity firm GoPlus reveals that the breach involved vulnerabilities in both key management and internal network security. While cold wallets remain unaffected, the attack suggests a sophisticated, prolonged operation possibly orchestrated by North Korean hackers, as indicated by Lazarus Group’s tactics and methods of laundering stolen assets.