As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a point out-backed cybercrime syndicate that has a very long background of targeting economical institutions.
Within the several years main up to the February 2025 copyright hack, the copyright business expert a significant escalation in cyber threats. The 1st half of 2024 on your own noticed a doubling in funds stolen by way of copyright hacks and exploits compared to exactly the same period of time more info in 2023.
The sheer scale with the breach eroded trust in copyright exchanges, bringing about a drop in investing volumes along with a shift towards safer or controlled platforms.
As soon as the approved staff signed the transaction, it had been executed onchain, unknowingly handing control of the chilly wallet more than into the attackers.}