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In a recent cybersecurity breach, Upbit, South Korea's premier virtual asset trading platform, fell victim to a sophisticated hack, resulting in the illicit transfer of cryptocurrencies valued at roughly 44.5 billion South Korean won (equivalent to approximately $30.6 million USD). The majority of the stolen assets were digital currencies operating on the Solana blockchain. In response to the security lapse, Upbit has temporarily halted all virtual asset deposit and withdrawal operations, while pledging to fully compensate affected users for their losses. South Korean law enforcement agencies, alongside financial regulatory bodies, have initiated a thorough investigation, with suspicions mounting that the notorious North Korean hacker syndicate, known as Lazarus, may be behind the attack. The inquiry is anticipated to persist until the 5th day of the forthcoming month.
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