As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate having a extensive heritage of targeting financial establishments.
Chilly storage: A good portion of consumer cash have been saved in cold wallets, which happen to be offline and regarded as a lot less prone to hacking makes an attempt.
The sheer scale of your breach eroded have faith in in copyright exchanges, leading to a decline in buying and selling volumes along with a change towards more secure or regulated platforms.
As soon as the approved staff signed the transaction, it absolutely was executed onchain, website unknowingly handing Charge of the cold wallet in excess of for the attackers.}