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

BlockBeats News, November 28, CryptoQuant CEO Ki Young Ju commented on the "Upbit Hack Incident," stating that Upbit mentioned the attacker may have inferred the private key by analyzing user wallet address patterns. If this is indeed the case, only the North Korean hacker group Lazarus Group is likely to possess this capability.

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The multiple hacking incidents at Upbit have exposed that South Korean exchanges are facing sustained, high-intensity attacks from North Korea-backed hackers. This situation is closely related to Kimchi premium, geopolitics, and the structural security risks of the cryptocurrency industry.
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