As investigations unfolded, authorities traced the assault again to North Korea?�s infamous Lazarus Group, a point out-backed cybercrime syndicate that has a prolonged historical past of targeting monetary establishments.
Cold storage: A good portion of consumer funds had been saved in cold wallets, that read more are offline and regarded as less at risk of hacking tries.
The sheer scale of the breach eroded believe in in copyright exchanges, bringing about a decrease in buying and selling volumes along with a change towards more secure or controlled platforms.
Once the licensed personnel signed the transaction, it absolutely was executed onchain, unknowingly handing control of the chilly wallet in excess of for the attackers.}