As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a state-backed cybercrime syndicate having a extended background of concentrating on money institutions.
Chilly storage: A significant portion of person funds ended up saved in chilly wallets, that happen to be offline and considered a lot less prone to hacking tries.
The sheer scale on the breach eroded have faith in in copyright exchanges, resulting in a decline in buying and selling volumes plus a change toward more secure or controlled platforms.
Once the licensed personnel signed the transaction, it was executed click here onchain, unknowingly handing Charge of the chilly wallet in excess of towards the attackers.}