The Theft of 342,000 Ethereum from Upbit: Confirmation of North Korean Hackers Involvement

user avatar

by Giorgi Kostiuk

2 years ago

South Korean police have officially confirmed that the theft of 342,000 Ethereum (ETH) from the Upbit exchange was carried out by North Korean hacker groups Lazarus and Andariel.

Investigation into Cryptocurrency Theft

Initially, the stolen Ethereum, valued at 58 billion won at the time of theft, was traced using North Korean IP addresses and cryptocurrency transaction flows, with the FBI's involvement.

Recovery of Stolen Ethereum and Bitcoin

According to authorities, more than half of the Ethereum (57%) was exchanged for Bitcoin at a rate lower than market value. The remaining ETH was laundered through 51 overseas exchanges. Over four years of investigation, police managed to recover 4.8 Bitcoin from a Swiss exchange.

Consequences and Current Situation

This confirmation links North Korea to cybercrimes aimed at generating revenue through illicit activities. Police withheld details of the attack methods to prevent future breaches. North Korean language traces were found on hackers' computers.

This confirmation strengthens the belief that North Korea is actively involved in cyberattacks on cryptocurrency exchanges, though attack methods remain confidential to avoid subsequent breaches.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.