As investigations unfolded, authorities traced the attack back to North Korea?�s infamous Lazarus Team, a point out-backed cybercrime syndicate having a long record of concentrating on monetary institutions.
Cold storage: A significant portion of consumer resources have been saved in chilly wallets, which happen to be offline and regarded as considerably less susceptible to hacking makes an attempt.
The sheer scale on the breach eroded trust in copyright exchanges, leading to a decline in trading volumes along with a change toward safer or regulated platforms.
After the licensed staff signed the transaction, it had been executed onchain, unknowingly handing control of the chilly wallet more than towards check here the attackers.}