As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate with a long heritage of targeting money institutions.
Chilly storage: A significant portion of user funds had been saved in chilly wallets, which are offline and regarded less vulnerable to hacking tries.
The sheer scale on the breach eroded belief in copyright exchanges, resulting in a decline in trading volumes along with a change towards more secure or controlled platforms.
As soon as the authorized staff signed the transaction, click here it was executed onchain, unknowingly handing Charge of the cold wallet around on the attackers.}