Cybersecurity

North Korea Suspected of $30 Million Crypto Hack, Yonhap Says

The Upbit Lounge in Seoul, South Korea.

Photographer: SeongJoon Cho/Bloomberg

North Korean hacking group Lazarus is suspected of being behind an exploit that saw 45 billion won (about $30 million) drained from South Korea’s largest crypto exchange Upbit on Thursday, Yonhap News reported.

South Korean authorities plan to carry out an on-site investigation at the crypto exchange and believe Lazarus was behind the incident, according to the report, which cited unidentified government and industry sources.