North Korea hackers stole tens of millions from ROK crypto exchange, police find | NK News
NK News Logo
December 07, 2024
News

North Korea hackers stole tens of millions from ROK crypto exchange, police find

Joint investigation with FBI identifies DPRK’s Lazarus Group and Andariel as culprits in 2019 heist for first time

North Korean cybercriminals snatched tens of millions in cryptocurrency from a South Korean exchange in a 2019 heist, ROK police announced on Thursday, confirming for the first time that Pyongyang was behind the attack.

The case dates back to Nov. 2019, when the South Korean crypto exchange Upbit lost 342,000 ethereum tokens worth some US$50 million (58 billion won) to cybercriminals. The same quantity of ethereum is now worth some $1 billion thanks to a twentyfold increase in its price.

Become a member for less
than $5.75 per week.

  • Unlimited access to all of NK News: reporting, investigations, analysis
  • The NK News Daily Update, an email newsletter to keep you in the loop
  • Searchable archive of all content, photo galleries, special columns
  • Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now

All major cards accepted. No commitments – you can cancel any time.