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Analysis: The mastermind behind the Upbit hack should be the North Korean hacker group Lazarus Group

律动Nov 28, 2025

On November 28th, CryptoQuant CEO Ki Young Ju stated regarding the "Upbit hack" that the mastermind should be the North Korean hacker group Lazarus Group. Upbit stated in an announcement that they had discovered a security vulnerability that led to private keys being inferable.

"If true, I doubt anyone other than North Korean hackers could do this."

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