From Startup Fortune · · 1m 10s
Upbit Loses $36m in Solana Hack
Upbit lost $36m in a Solana hack experts say only North Korea's Lazarus could pull off.
In brief
Upbit lost $36m in a Solana hack experts say only North Korea's Lazarus could pull off. Upbit lost $36 million in a Solana hack that experts say only North Korea's Lazarus Group could have executed. Originally reported by Startup Fortune.
Upbit Loses $36m in Solana Hack
South Korea's biggest exchange lost $30 million in minutes as hackers drained a Solana hot wallet.
Attack Used Cryptographic Flaw
Hackers exploited a signing process flaw to reverse-engineer private keys from public transaction data.
Experts Say Only Lazarus Could Do It
CryptoQuant CEO Ki Young Ju says only North Korea's Lazarus Group could execute this kind of attack.
“almost impossible for an ordinary hacker to execute”
South Korean Authorities Suspect Lazarus
South Korean police now suspect North Korea's Lazarus Group was behind the breach.
Upbit's Previous Breach in 2019
Upbit lost 342,000 ETH in a 2019 breach also attributed to North Korea's Lazarus Group.
“342,000 ETH”
Upbit's Response
Upbit froze wallets, moved assets to cold storage, and will cover customer losses from reserves.
Lazarus Linked to Multiple Attacks
North Korean hackers have stolen over $1 billion in crypto in 2026 through multiple exchange breaches.
“over $1 billion in crypto in 2026”
Here's the gist
Upbit lost $36 million in a Solana hack that experts say only North Korea's Lazarus Group could have executed.
