The post The 2019 Upbit Hack Finally Solved: Shocking Details appeared first on Coinpedia Fintech News
Back in 2019, something huge shook the crypto world. Upbit, one of South Korea’s top exchanges, got hacked. The hackers made off with 342,000 ETH, worth $50 million at the time. Crazy, right? Now, with Ethereum’s value shooting up, that same haul is worth over $1 billion. And here’s the shocking part—it was North Korea’s doing.
How They Pulled It Off
For years, nobody knew who was behind it. But South Korea’s investigators just confirmed it: the infamous Lazarus and Andariel hacking groups. These guys are pros. They used sneaky techniques to breach Upbit’s systems. Investigators figured it out by following transaction trails, tracing IP addresses, and spotting patterns that screamed “North Korea.”
The hackers didn’t keep the stolen crypto from Upbit in one place. About 57% of it got sold on shady platforms, some allegedly run by North Korea. The rest?
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