North Korean hackers stole 342K ETH from Upbit in 2019 and laundered through exchanges in over 51 countries.
Investigations by South Korea and the FBI traced crypto trails, recovering only 4.8 BTC from the billion-dollar theft.
In 2019, North Korean hackers carried out one of the most important cryptocurrency heists in history, taking 342,000 Ethereum (ETH) worth around $41.5 million from the South Korean exchange Upbit.
Since the value of the pilfer ETH has skyrocketed to around $1 billion, the attack’s long-lasting effects have become even more important. This event underlined not only weaknesses in crypto systems but also the part state-sponsored cybercrime plays in getting over global sanctions.
Using covert exchanges and laundering techniques dispersed over 51 countries, the hackers quickly turned over more than 57% of the money into Bitcoin, making recovery attempts quite difficult.
342K ETH HEIST: NORTH KOREA STRIKES AGAIN
North Korea looted 342K ETH ($41.5M) from Upbit in 201

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