As investigations unfolded, authorities traced the assault back again to North Korea?�s infamous Lazarus Team, a point out-backed cybercrime syndicate which has a long heritage of focusing on monetary establishments.
Cold storage: A good portion of person funds ended up saved in cold wallets, which might be offline and regarded as a lot less prone to hacking makes an attempt.
The sheer scale of the breach eroded believe in in copyright exchanges, bringing about a drop in buying and selling volumes plus a shift toward safer or controlled platforms.
2023 Atomic Wallet breach: The group more info was connected to the theft of over $one hundred million from buyers in the Atomic Wallet service, employing subtle tactics to compromise person assets.}