As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a state-backed cybercrime syndicate that has a extended history of concentrating on economic establishments.
Chilly storage: A significant portion of user funds had been stored in cold wallets, which happen to be offline and regarded as considerably less liable to hacking tries.
The sheer scale with the breach eroded belief in copyright exchanges, bringing about a decrease in investing volumes and a change towards more secure or controlled platforms.
After the approved staff signed the transaction, it absolutely was executed onchain, unknowingly handing control click here of the cold wallet more than into the attackers.}