PANews reported on November 28 that, according to Yonhap News Agency, the South Korean virtual asset exchange Upbit suffered a hacker attack yesterday, with virtual assets worth 44.5 billion won stolen ( Upbit disclosed 54 billion won yesterday ). Currently, the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, is highly suspected of being behind the attack. On November 28, local time, Yonhap News Agency learned from the information and communication technology (ICT) industry and relevant South Korean government departments that, given the high suspicion surrounding the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, authorities are conducting an on-site investigation of Upbit. This hacker group was previously accused of involvement in the 2019 theft of 58 billion won worth of Ethereum from Upbit. A government official stated, "This attack is unlikely to have targeted the server; it's more probable that the attacker stole the administrator's account or impersonated an administrator to transfer funds." He added, "Based on current information, hackers used the same method to launch attacks six years ago, so we speculate that this is the same modus operandi."PANews reported on November 28 that, according to Yonhap News Agency, the South Korean virtual asset exchange Upbit suffered a hacker attack yesterday, with virtual assets worth 44.5 billion won stolen ( Upbit disclosed 54 billion won yesterday ). Currently, the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, is highly suspected of being behind the attack. On November 28, local time, Yonhap News Agency learned from the information and communication technology (ICT) industry and relevant South Korean government departments that, given the high suspicion surrounding the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, authorities are conducting an on-site investigation of Upbit. This hacker group was previously accused of involvement in the 2019 theft of 58 billion won worth of Ethereum from Upbit. A government official stated, "This attack is unlikely to have targeted the server; it's more probable that the attacker stole the administrator's account or impersonated an administrator to transfer funds." He added, "Based on current information, hackers used the same method to launch attacks six years ago, so we speculate that this is the same modus operandi."

South Korean authorities suspect the North Korean hacking group Lazarus was behind yesterday's Upbit attack.

2025/11/28 10:15

PANews reported on November 28 that, according to Yonhap News Agency, the South Korean virtual asset exchange Upbit suffered a hacker attack yesterday, with virtual assets worth 44.5 billion won stolen ( Upbit disclosed 54 billion won yesterday ). Currently, the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, is highly suspected of being behind the attack. On November 28, local time, Yonhap News Agency learned from the information and communication technology (ICT) industry and relevant South Korean government departments that, given the high suspicion surrounding the Lazarus Group, a hacker group affiliated with the North Korean Reconnaissance General Bureau, authorities are conducting an on-site investigation of Upbit. This hacker group was previously accused of involvement in the 2019 theft of 58 billion won worth of Ethereum from Upbit.

A government official stated, "This attack is unlikely to have targeted the server; it's more probable that the attacker stole the administrator's account or impersonated an administrator to transfer funds." He added, "Based on current information, hackers used the same method to launch attacks six years ago, so we speculate that this is the same modus operandi."

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Tokenized Assets Shift From Wrappers to Building Blocks in DeFi

Tokenized Assets Shift From Wrappers to Building Blocks in DeFi

The post Tokenized Assets Shift From Wrappers to Building Blocks in DeFi appeared on BitcoinEthereumNews.com. RWAs are rapidly moving on-chain, unlocking new opportunities for investors and DeFi protocols, according to a new report from Dune and RWAxyz. Tokenized real-world assets (RWAs) are moving beyond digital versions of traditional securities to become key building blocks of decentralized finance (DeFi), according to the 2025 RWA Report from Dune and RWAxyz. The report notes that Treasuries, bonds, credit, and equities are now being used in DeFi as collateral, trading instruments, and yield products. This marks tokenization’s “real breakthrough” – composability, or the ability to combine and reuse assets across different protocols. Projects are already showing how this works in practice. Asset manager Maple Finance’s syrupUSDC, for example, has grown to $2.5 billion, with more than 30% placed in DeFi apps like Spark ($570 million). Centrifuge’s new deJAAA token, a wrapper for Janus Henderson’s AAA CLO fund, is already trading on Aerodrome, Coinbase and other exchanges, with Stellar planned next. Meanwhile, Aave’s Horizon RWA Market now lets institutional users post tokenized Treasuries and CLOs as collateral. This trend underscores a bigger shift: RWAs are no longer just copies of traditional assets; instead, they are becoming core parts of on-chain finance, powering lending, liquidity, and yield, and helping to close the gap between traditional finance (TradFi) and DeFi. “RWAs have crossed the chasm from experimentation to execution,” Sid Powell, CEO of Maple Finance, says in the report. “Our growth to $3.5B AUM reflects a broader shift: traditional financial services are adopting crypto assets while institutions seek exposure to on-chain markets.” Investor demand for higher returns and more diversified options is mainly driving this growth. Tokenized Treasuries proved there is strong demand, with $7.3 billion issued by September 2025 – up 85% year-to-date. The growth was led by BlackRock, WisdomTree, Ondo, and Centrifuge’s JTRSY (Janus Henderson Anemoy Treasury Fund). Spark’s $1…
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BitcoinEthereumNews2025/09/18 06:10