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Timmy Shen

Lazarus Group Suspected in $30.4 Million Upbit Cryptocurrency Theft

South Korean authorities suspect North Korea's Lazarus Group orchestrated the theft of approximately $30.4 million in cryptocurrency from Upbit, the country's largest digital asset exchange. The breach involved irregular withdrawals of Solana-based assets detected Thursday, prompting the platform to immediately suspend deposit and withdrawal services. Investigators noted the attack methodology resembles a 2019 incident attributed to the same group.