As investigations unfolded, authorities traced the assault back again to North Korea?�s notorious Lazarus Team, a condition-backed cybercrime syndicate by using a very long historical past of targeting monetary establishments.
Chilly storage: A good portion of user cash were saved in cold wallets, that happen to be offline and considered considerably less liable to hacking tries.
The sheer scale of your breach eroded believe in in copyright exchanges, bringing about a drop in buying and selling volumes and a shift towards more secure or regulated platforms.
When the approved personnel signed the transaction, it here absolutely was executed onchain, unknowingly handing control of the chilly wallet in excess of towards the attackers.}