As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Team, a condition-backed cybercrime syndicate having a lengthy background of targeting monetary establishments.
Cold storage: A good portion of person cash had been saved in cold wallets, which might be offline and viewed as significantly less susceptible to hacking makes an attempt.
The sheer scale on the breach eroded have confidence in in copyright exchanges, resulting in a drop in buying and selling volumes as well as a change towards more secure or controlled platforms.
When the licensed staff signed the transaction, it had been executed onchain, unknowingly handing Charge of the cold wallet above check here towards the attackers.}