As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Group, a state-backed cybercrime syndicate with a extensive history of concentrating on fiscal institutions.
Cold storage: A good portion of user cash were stored in cold wallets, which happen to be offline and regarded as considerably less at risk of hacking tries.
The sheer scale of your breach eroded trust in copyright exchanges, bringing about a drop in buying and selling volumes in addition to a change towards safer here or controlled platforms.
When the authorized staff signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet more than to the attackers.}