Upbit Audit Reveals Wallet Flaw Behind $30M Hack
Upbit identified a critical flaw in its internal wallet system during the emergency audit launched after the $30 million theft. The review uncovered a signature-generation error
south korea (Latest Publications)
Investigators Link Lazarus Group to $30M Upbit Hack
TL;DR An attack on Upbit drained $30 million in Solana assets and replicated patterns attributed to North Korea’s Lazarus Group, according to South Korean authorities. The
South Korea Expands Its AML Crackdown as Authorities Target Sub-$680 Crypto Transfers
TL;DR South Korea expands its Travel Rule to include crypto transfers under $680. The measure aims to prevent transaction splitting to avoid identity checks. Regulators introduce
South Korean Banks Targeted: 2TB of Sensitive Data Stolen in Coordinated Russian–North Korean Cyberattack
TL;DR Russian and North Korean hackers deployed Qilin ransomware against South Korean banks, stealing 2TB of sensitive data from 28 financial institutions. The attack unfolded in
Upbit Halts Solana Transfers After $36M Breach, Just a Day After $10B Naver Deal
TL;DR Upbit, the largest crypto exchange in South Korea, suspended Solana-related transfers after a $36 million hot wallet breach involving unauthorized movements on the blockchain. The
South Korea’s KakaoBank Eyes Stablecoin Rollout Backed by Won Peg
South Korea’s KakaoBank has entered the development phase for its KRW-pegged stablecoin, named “Kakao Coin,” according to an official statement. The bank also announced new hiring
PLUME Gains Momentum as Upbit Adds Korean Won Trading Pair
TL;DR Upbit’s PLUME listing surged 45%, highlighting Korean market influence. The exchange used strict trading controls to limit volatility at launch. Plume Network is a blockchain
Regulatory Divide Stalls South Korea’s Stablecoin Rules on Banking Involvement
South Korea’s push to finalize a national stablecoin framework has stalled this week after regulators clashed over whether domestic banks should be allowed to issue won-based
Upbit Weighs Appeal of $25M Fine Imposed by South Korea Regulator
TL;DR Upbit’s operator, Dunamu, is evaluating an appeal against the 35.2 billion won ($25 million) fine imposed by the FIU. The fine is due to 5.3
Naver Financial to Launch Coin Wallet as Upbit Merger Advances
Naver Financial announced the launch of its stablecoin wallet “Silk Pocket” next month, developed in collaboration with Hashed and the Busan digital exchange.
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