Analysis: The mastermind behind the Upbit theft is likely the North Korean hacker group Lazarus Group

Nov 28, 2025 17:22:58

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CryptoQuant CEO Ki Young Ju commented on the "Upbit hacking incident," stating that the culprit is likely the North Korean hacking group Lazarus Group. Upbit announced that it discovered a security vulnerability that allowed private keys to be inferred. "If true, I suspect that no one else besides North Korean hackers could accomplish this."

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