As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Group, a condition-backed cybercrime syndicate that has a extensive history of targeting monetary institutions.
In the yrs foremost up towards the February 2025 copyright hack, the copyright industry expert a major escalation in cyber threats. The first 50 percent of read more 2024 on your own observed a doubling in money stolen as a result of copyright hacks and exploits as compared to precisely the same period in 2023.
The sheer scale on the breach eroded trust in copyright exchanges, resulting in a drop in investing volumes as well as a change towards more secure or regulated platforms.
When the licensed staff signed the transaction, it was executed onchain, unknowingly handing control of the cold wallet in excess of into the attackers.}