In the hack of a major South Korean exchange Upbit, which occurred on November 27, it was reasonable to suspect hackers from the DPRK.
Law enforcement officials believe that members of the Lazarus Group, who attacked the trading platform, may be behind the cyberattack on the trading platform. Upbit in 2019, stealing 58 billion won ($39,4 million) worth of digital assets from the platform. Law enforcement officials declined to disclose details but said the two incidents were similar.
On Thursday, hackers managed to steal blockchain-issued tokens from the exchange. Solana (SOL) virtual currencies worth 44,5 billion won ($30,4 million). Upon learning of the theft of the coins, company employees paused Deposits and withdrawals of funds created on the SOL network were processed and, as a precaution, the coins were transferred to cold storage. Furthermore, specialists managed to freeze the stolen tokens worth 2,3 billion won ($1,6 million).
The cyberattack did not prevent the sale transaction from being completed. Upbit South Korean IT conglomerate Naver. The company will acquire the exchange through a stock swap, and the trading platform’s owner, Dunamu, will become a subsidiary of Naver. In light of the hacker attack, this news did not have a positive impact on the IT giant’s stock price, which fell 3% over the past 24 hours.
Naver’s stock price fluctuations in 2025