As investigations unfolded, authorities traced the assault back to North Korea?�s infamous Lazarus Group, a point out-backed cybercrime syndicate having a long record of focusing on economic establishments.
Chilly storage: A significant portion of consumer cash were stored in cold wallets, which can be offline and considered considerably less vulnerable to hacking attempts.
The sheer scale in the breach eroded believe in in copyright exchanges, resulting in a decrease in trading volumes along with a change towards more secure or regulated platforms.
As soon as the licensed personnel more info signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet around to your attackers.}