South Korean authorities suspect that the North Korean hacking group Lazarus is behind yesterday's attack on Upbit.

South Korean virtual asset exchange Upbit suffered a hacker attack, and virtual assets worth 44.50 billion Korean won were stolen. Currently, the Lazarus Group, a hacker organization under the North Korean Reconnaissance General Bureau, is highly suspected of being the mastermind behind the incident.

According to Yonhap News Agency, local time, from the information and communication technology (ICT) industry and relevant South Korean government departments, given that the Lazarus Group, a hacker organization under the North Korean Reconnaissance General Bureau, is highly suspected of committing the crime, the authorities are conducting on-site inspections of Upbit. The hacker group was previously accused of participating in the 2019 Upbit Ethereum theft case worth 58.00 billion Korean won.

A government official said: "This attack is unlikely to be aimed at the server. It is more likely that the administrator account was stolen, or the funds were transferred by disguising as an administrator." He also said: "Based on the current situation, the hackers used this method to carry out the attack 6 years ago, so it is speculated that the same method was used this time."

[ChainCatcher]