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Investigation Launched into KRW 44.5 Billion Hacking at Upbit Exchange

Investigation Launched into KRW 44.5 Billion Hacking at Upbit Exchange

First seen 6 Dec 2025, 21:47 UTC • •

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ThreatCluster AI
ThreatCluster •March 12, 2026 at 13:27 UTC

The National Police Agency's Cyber Terror Investigation Unit has initiated a formal investigation into the hacking of virtual assets valued at KRW 44.5 billion from Upbit, Korea's largest virtual asset exchange. The police became aware of the incident through media reports on November 27, 2025, and had previously conducted an internal investigation before filing charges.

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