Close Menu
Cryprovideos
    What's Hot

    'FIFA Rivals' Game Launching Next Week on iOS, Android – Decrypt

    June 6, 2025

    The key map whales use to liquidate you (Learn to learn it)

    June 6, 2025

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»South Korea hyperlinks main crypto heist to North Korea, recovers Bitcoin
    South Korea hyperlinks main crypto heist to North Korea, recovers Bitcoin
    Bitcoin

    South Korea hyperlinks main crypto heist to North Korea, recovers Bitcoin

    By Crypto EditorNovember 21, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email



    South Korea hyperlinks main crypto heist to North Korea, recovers Bitcoin

    South Korean authorities have efficiently recovered 4.8 Bitcoin (BTC), which was linked to the 2019 hack of the Upbit trade, native media outlet Yonhap Information reported on Nov. 21.

    The incident, during which North Korean hackers stole 342,000 Ethereum (ETH), was among the many most important cyberattacks concentrating on a cryptocurrency platform. The stolen Ethereum, valued at $41.4 million in 2019, is now price over $1 billion at present costs.

    The investigation

    South Korea’s Nationwide Police Company’s investigation confirmed the involvement of North Korean hacker teams Lazarus and Andariel within the Upbit 2019 hack. These teams are infamous for large-scale cybercrime and have stolen greater than $3 billion in cryptocurrency from 2017 to 2023.

    The affirmation marks the primary time South Korean police have formally tied a big hack to North Korean operatives.

    Police defined that the hackers laundered 57% of the stolen ETH by changing it into Bitcoin. The funds flowed by way of three North Korea-linked exchanges and 51 international platforms.

    After years of tracing blockchain exercise and analyzing North Korean IP addresses, investigators recognized patterns, together with distinctive North Korean language utilization. Assist from the US Federal Bureau of Investigation (FBI) additionally contributed to uncovering the hackers’ operations.

    The recovered Bitcoin, which was traced to a Swiss trade, has been returned to Upbit.

    Upbit scrutiny

    This improvement arrives as Upbit is underneath scrutiny from South Korea’s Monetary Intelligence Unit (FIU) over KYC-related violations. The FIU experiences that the trade may very well be implicated in as many as 600,000 compliance breaches.

    South Korea’s Monetary Providers Fee (FSC) has additionally flagged issues over Upbit’s market dominance. The trade accounts for almost 20% of the 22 trillion gained deposited in Ok Financial institution, elevating questions on potential dangers to the monetary system.

    In response to CoinMarketCap knowledge, Upbit is the most important South Korean crypto buying and selling platform, with a buying and selling quantity of round $6 billion.

    Talked about on this article
    Newest South Korea Tales



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025

    Might Labor Market Shock Overtake Inflation as Bitcoin’s Subsequent Macro?

    June 6, 2025

    Finest Crypto Presale? Finest Pockets Token Raises $13 Million for Web3 Ecosystem – CryptoDnes EN

    June 6, 2025

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025
    Latest Posts

    Might Labor Market Shock Overtake Inflation as Bitcoin’s Subsequent Macro?

    June 6, 2025

    New BTC Layer 2 ICO ‘Bitcoin Hyper’ Raises $500K – Finest New Cryptocurrency to Purchase?

    June 6, 2025

    Bitcoin Cycle Prime Is In—$270,000 Delayed Till 2026, Says Analyst

    June 6, 2025

    Trump Media submits new SEC submitting to buy $2.3B Bitcoin reserve

    June 6, 2025

    Palantir Is Violating Its Personal Rules By Avoiding A Bitcoin Treasury

    June 6, 2025

    Michael Saylor’s Technique ups Bitcoin wager with $1B inventory providing

    June 6, 2025

    Bitcoin Worth Might Drop Beneath $100,000: Right here’s Why It’s Seemingly Regardless of Rising Accumulation

    June 6, 2025

    Bitcoin May Crash by Double-Digit Proportion Factors in a ‘Fast Transfer’ if This Assist Stage Fails, Warns Crypto Dealer – The Each day Hodl

    June 6, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    ZacroTribe (ZACRO) Presale Features Momentum: The Subsequent 100x Crypto? | Dwell Bitcoin Information

    March 9, 2025

    Cardano Worth Prediction: ADA Over 1% As Plomin Exhausting Fork Goes Reside, Whereas This AI Agent Crypto ICO Goes Parabolic

    January 30, 2025

    Prime Crypto Presale Initiatives 2025: Nexchain, Web3 AI & BlockDAG

    June 6, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.