South Korean police confirm that a North Korean hacking group is related to the theft of 342,000 ETH from Upbit in 2019.
Odaily Planet Daily reported that South Korean police have officially confirmed for the first time that the 342 thousand $ETH stolen from Upbit in 2019 (worth 58 billion Korean won at the time, currently valued at approximately 1.47 trillion Korean won) was perpetrated by the North Korean hacker groups Lazarus and Andariel.
This conclusion is based on data derived from North Korean IP addresses, the flow of cryptocurrency assets, traces of North Korean vocabulary usage, and investigations conducted in cooperation with the FBI.
Of the stolen $ETH, 57% was exchanged for $BTC at a price 2.5% below market value through three suspected money laundering platforms established in North Korea, while the remaining assets were dispersed and laundered through 51 overseas exchanges.
In 2020, police discovered that part of the stolen $BTC was stored in a Swiss exchange, and after four years of effort, successfully recovered 4.8 $BTC (approximately 600 million Korean won) this October and returned it to Upbit. (Yonhap News)
South Korean police confirm that a North Korean hacking group is related to the theft of 342,000 ETH from Upbit in 2019.
Odaily Planet Daily reported that South Korean police have officially confirmed for the first time that the 342 thousand ETH stolen from Upbit in 2019 (worth 58 billion Korean won at the time, currently valued at approximately 1.47 trillion Korean won) was perpetrated by the North Korean hacker groups Lazarus and Andariel.
This conclusion is based on data derived from North Korean IP addresses, the flow of cryptocurrency assets, traces of North Korean vocabulary usage, and investigations conducted in cooperation with the FBI.
Of the stolen ETH, 57% was exchanged for BTC at a price 2.5% below market value through three suspected money laundering platforms established in North Korea, while the remaining assets were dispersed and laundered through 51 overseas exchanges.
In 2020, police discovered that part of the stolen BTC was stored in a Swiss exchange, and after four years of effort, successfully recovered 4.8 BTC (approximately 600 million Korean won) this October and returned it to Upbit. (Yonhap News)
