As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Team, a state-backed cybercrime syndicate with a prolonged historical past of targeting fiscal establishments.
Within the several years primary up to the February 2025 copyright hack, the copyright market seasoned a big escalation in cyber threats. The very first fifty percent of 2024 by itself saw a doubling in resources stolen via copyright hacks and exploits when compared to a similar interval get more info in 2023.
The sheer scale from the breach eroded believe in in copyright exchanges, leading to a decline in trading volumes along with a change towards more secure or controlled platforms.
After the licensed personnel signed the transaction, it had been executed onchain, unknowingly handing control of the cold wallet over to your attackers.}