South Korea's National Police confirmed that North Korean hacker groups Lazarus and Andariel were behind the 2019 theft of 342,000 Ethereum (ETH) from the Upbit crypto exchange. The stolen ETH, initially worth $41.5 million, was partially converted to Bitcoin and laundered across 51 overseas exchanges. The investigation involved digital forensics and linguistic analysis, with assistance from the FBI. This case highlights the growing threat of state-sponsored cybercrime and the need for improved KYC/AML compliance in the cryptocurrency industry❗

#Hacked #NorthKorea #Upbit $ETH $BTC $BCH