As reported by BitcoinWorld, South Korean authorities have launched a formal criminal investigation into the Upbit hack, elevating the case from a preliminary review. The National Police Agency's Cyber Terror Investigation Division is leading the probe, which grants investigators expanded powers to trace the attack and gather evidence. A police official stated that the transition to a formal investigation occurs when criminal suspicions become concrete, and no suspect identification is required at this stage. The investigation is expected to set precedents for prosecuting crypto-related crimes and may influence future regulatory standards in South Korea.
South Korean Police Launch Formal Investigation into Upbit Hack
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