North Korean hacking group Lazarus is suspected to be behind a recent breach of around 45 billion won (US$30.6 million) worth of cryptocurrency from South Korea’s largest crypto exchange Upbit, sources said Friday. According to government and business sources, authorities plan to carry out an on-site investigation at the crypto exchange with a belief that Lazarus was behind the hacking. Dunamu, which operates Upbit, said Thursday it confirmed the transfer of 44.5 billion won worth of Solana-affiliated assets to an unauthorized wallet address and plans to cover the full amount with assets the company owns. The hacking group had been suspected of stealing 58 billion won worth of Ethereum from Upbit in 2019. Authorities said the methods used in the latest incident resembled those of the 2019 theft. “Instead of attacking the server, it is possible that hackers compromised administrators’ accounts or posed as administrators to make the transfer,” a government official said.

Full report : South Korean authorities suspect North Korean hacking group Lazarus of the $30M+ Upbit hack, which used methods resembling those of a 2019 Upbit theft.