As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate that has a extensive background of concentrating on money institutions.
While in the yrs main up to the February 2025 copyright hack, the copyright sector expert an important escalation in cyber threats. The first half of 2024 alone saw a doubling in funds stolen via copyright hacks and exploits in comparison with precisely the same period of time in 2023.
The sheer scale of the breach eroded belief in more info copyright exchanges, resulting in a decline in investing volumes plus a shift towards more secure or controlled platforms.
When the licensed staff signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet around to your attackers.}