As investigations unfolded, authorities traced the attack back to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate using a very long background of targeting monetary establishments.
Chilly storage: A good portion of person funds had been stored in cold wallets, which happen to be offline and deemed a lot less susceptible to hacking attempts.
The sheer scale of the breach eroded have faith in in copyright exchanges, bringing about a drop in buying and selling volumes along with a shift toward more read more secure or controlled platforms.
As soon as the licensed staff signed the transaction, it was executed onchain, unknowingly handing Charge of the chilly wallet above towards the attackers.}