Security Incident · ETH Ecosystem
Upbit Wallet Theft
South Korean exchange Upbit 342,000 ETH worth about $50 million was stolen.
- Reported loss
- 342,000 ETH
- Attack category
- Wallet Stolen
Incident Overview
The exchange’s alleged theft occurred while assets were being transferred between hot and cold storage wallets, leading some to speculate that the incident may have been an internal job rather than an external breach. On January 14, 2025, the United States, Japan, and South Korea mentioned in a joint statement that the Upbit theft was attributed to DPRK.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.