Lazarus Group, the state-sponsored cyber threat group, was named as a prime suspect in some of the top hacks in 2024, such as the $230-million hack on India’s WazirX and the $50-million hack against Upbit, South Korea’s largest crypto exchange.At least $1.34 billion of crypto stolen in 2024 has been attributed to North Korea.Source: ChainalysisJan.15 — Companies wait on the sidelines for crypto greenlightSouth Korea’s Virtual Asset Committee, a crypto policy coordination body under the Financial Services Commission (FSC), held its second meeting.
Source: Kang Min Seok, Presidential Security Service South Korean crypto world finally opened to corporationsFeb.13 — Charities and universities get first dibs on corporate crypto accessThe FSC unveiled its long-awaited plan to allow corporate entities to open crypto trading accounts in phases by late 2025.
Lawmakers cited fears of investor flight to offshore exchanges, challenges in tracking wallet-based profits, and shifting national priorities in the wake of Yoon’s failed martial law stunt and subsequent impeachment.Jan.14 — Warning against North Korean crypto hackersThe US, Japan and South Korea published a joint statement on North Korean crypto hacks.
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