As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate with a very long background of concentrating on monetary establishments.
Cold storage: A significant portion of consumer cash were being stored in cold wallets, that happen to be offline and considered significantly less at risk of hacking tries.
The sheer scale on the breach eroded have more info faith in in copyright exchanges, resulting in a decline in investing volumes and also a shift towards more secure or controlled platforms.
Once the approved staff signed the transaction, it had been executed onchain, unknowingly handing Charge of the cold wallet about for the attackers.}