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South Korean investigators revealed that the 2019 Upbit cryptocurrency heist, which resulted in the theft of $50 million worth of ETH, was carried out by North Korean hacking groups Lazarus and Andariel, linked to the Reconnaissance General Bureau, which happens to be DPRK’s premiere intelligence organization.
Upbit, one of South Korea’s leading crypto exchanges, first reported the attack exactly five years ago. During the incident, 342,000 ETH, worth around $147 per ether, were stolen from the exchange’s hot wallet. The stolen stash would have been worth around 1.47 trillion won or over $1.04 billion today.
South Korean police, with the assistance of Swiss prosecutors, recovered 4.8 bitcoins, worth approximately 600 million won, from a Swiss exchange and returned them to Upbit in October.“Although there have been UN reports and foreign government announcements regarding North Korea’s virtual asset hacking, this is the first time that a domestic investigative agency has officially confirmed it.
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