As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Team, a condition-backed cybercrime syndicate using a long record of focusing on monetary establishments.
Cold storage: A good portion of person funds were stored in cold wallets, which happen to be offline and deemed a lot less susceptible to hacking attempts.
The sheer scale with the breach eroded rely on in copyright exchanges, resulting in a decrease in trading volumes along with a change toward more secure or controlled platforms.
After the licensed personnel signed the transaction, it had been executed onchain, check here unknowingly handing control of the cold wallet around on the attackers.}