As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a point out-backed cybercrime syndicate that has a prolonged background of concentrating on financial establishments.
Within the several years leading up to your February 2025 copyright hack, the copyright industry skilled a major escalation in cyber threats. The main half of 2024 alone saw a doubling in money stolen by copyright hacks and exploits when compared to a similar period in 2023.
The sheer scale of your breach eroded belief in copyright exchanges, bringing about a decrease in buying and selling volumes plus a shift toward more secure or controlled platforms.
When the authorized more info staff signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet over to your attackers.}