Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
South Korea Suspects North Korea-L
Markets
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
South Korea Suspects North Korea-L
South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
South Korea Suspects North Korea-Linked Lazarus Behind $36M Upbit Hack
On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens.
By Omkar Godbole, AI Boost
Updated Nov 28, 2025, 1:59 p.m. Published Nov 28, 2025, 5:18 a.m.
South Korea investigates possible Lazarus involvement in the Upbit hack. (Image via Shutterstock)
What to know:
- South Korean authorities are considering the Lazarus group, linked to North Korea, as a possible source of Thursday's Upbit hack, according to Yonhap.
- Upbit suspended transactions after detecting unusual activity in Solana tokens, confirming a major breach of its hot wallet.
- The hack coincided with a merger announcement involving Upbit's parent company, Dunamu, and tech giant Naver, fueling speculation about the timing.
South Korean authorities investigating the multi-million-dollar hack at the local exchange Upbit are considering the North Korea-linked Lazarus group as a possible source, according to a Yonhap report.
On Thursday, South Korea's largest digital asset exchange, Upbit, suspended deposits and withdrawals after detecting unusual activity in the Solana network tokens. The exchange subsequently confirmed that it had suffered a hack involving the unauthorized withdrawal of approximately 54 billion Korean won (approximately $36–$37 million) from a hot wallet. This hack marks the exchange's second major hot wallet breach in six years.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
Inscrever-me
South Korean authorities suspect the 2025 Upbit hack involved the hijacking or impersonation of admin credentials, mirroring the tactics of the Lazarus Group in the 2019 breach. Security pundits noted a high probability that North Korea, facing foreign currency shortages, orchestrated the theft, with some highlighting how the stolen funds were laundered using mixing techniques, a method known to be used by Lazarus.
The day of the hack – Nov. 27 – coincided with a major corporate merger announcement involving Upbit's parent company, Dunamu, and Korean tech giant Naver. This has added speculation of Lazarus' involvement in the hack.
"Hackers tend to have a strong desire to show off," a security expert told Yonhap, adding that "it is possible that they chose the 27th as the hacking date because they wanted to show off by choosing the day of the merger."
North KoreaSouth KoreaMarketsUpbitlazarus
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Mais para você
Protocol Research: GoPlus Security
Commissioned byGoPlus
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
Mais para você
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
Despite ETF hype, central banks and asset allocators continue to choose gold over crypto for reserve and trade purposes.
O que saber:
- Gold has outperformed bitcoin since the launch of spot BTC ETFs, rising 58% as bitcoin fell 12%.
- Mark Connors says bitcoin remains “too young” for institutional trust, while gold continues to benefit from established infrastructure and trade use.
- Bitcoin’s recent slump reflects a global liquidity squeeze, not sentiment, with Connors pointing to U.S. Treasury spending delays as a key factor.
Leia a história completa
Latest Crypto News
Strategy CEO: Equity and Debt Flexibility Power Long-Term Bitcoin Accumulation Plan
Crypto Payments Firm Truther to Launch Non-Custodial USDT Visa Card in El Salvador
State of Crypto: Kalshi and Prediction Markets Face a Setback
‘Privacy Is the Immune System of Freedom’: Crypto Advocacy Sparks Uproar in São Paulo
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research
Top Stories
Bitcoin's 'Coinbase Premium' Flips Positive After Weeks in the Red
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
State of Crypto: Kalshi and Prediction Markets Face a Setback
‘Privacy Is the Immune System of Freedom’: Crypto Advocacy Sparks Uproar in São Paulo
Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research
Bitcoin in Modest Rally Mode After Thanksgiving as December Fed Rate Gets Locked In
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
VGTEL in Strategic Talks to Acquire Consciousness-Focused Health-Tech Platform
VGTEL enters strategic discussions to acquire breakthrough health-tech app from 4biddenknowledge. Emerging wellness platform combines data-driven insights with
Share
Citybuzz2026/03/24 21:15
Top 10 free crypto cloud mining platforms in 2026
Cloud mining is growing in 2026 as users seek simpler, hardware-free access to crypto mining rewards. Cloud mining has continued to expand in 2026 as more users
Share
Crypto.news2026/03/24 22:30
Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals
BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30
