TLDR Crypto · MARKETS & BUSINESS

NORTH KOREA TO BLAME FOR 342,000 ETH UPBIT HACK IN 2019, SOUTH KOREAN POLICE SAY

links.tldrnewsletter.com2 min read

Summary from the TLDR Crypto newsletter

South Korean police have officially identified North Korea as the entity behind the 2019 Upbit exchange hack, where 342K ETH (now valued at >$1B) was stolen. This marks the first time South Korea has publicly attributed a crypto heist to North Korea. South Korean police cited evidence such as IP addresses and asset flows. They recovered a small portion of the funds in collaboration with the FBI and Swiss authorities.