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



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 Anton Sokolin November 21, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A North Korean man using a public computer, April 2018 \| Image: NK News 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. 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. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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

Anton Sokolin November 21, 2024

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

A North Korean man using a public computer, April 2018 | Image: NK News

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.

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

Become a member for less than $5.75 per week.

Start your day with the North Korea stories that matter most –

as selected by

One more step!

Trending

Recent Stories

About the Author

Anton Sokolin

Become a member for less
than $5.75 per week.

Start your day with
the North Korea stories that matter most –