As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate which has a extended history of concentrating on monetary establishments.
Cold storage: A significant portion of consumer resources have been saved in cold wallets, that happen to be offline and regarded as a lot less prone to hacking makes an attempt.
The sheer scale with the breach eroded have confidence more info in in copyright exchanges, bringing about a drop in investing volumes in addition to a change toward safer or regulated platforms.
After the authorized personnel signed the transaction, it was executed onchain, unknowingly handing control of the chilly wallet above for the attackers.}