As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Group, a point out-backed cybercrime syndicate using a extensive historical past of concentrating on monetary establishments.
From the decades leading up to the February 2025 copyright hack, the copyright business skilled a substantial escalation in cyber threats. The very first fifty percent of 2024 alone observed a doubling in resources stolen by copyright hacks and exploits compared to the same interval in 2023.
The sheer scale of the breach eroded rely on in check here copyright exchanges, resulting in a decline in buying and selling volumes as well as a change toward safer or controlled platforms.
After the licensed personnel signed the transaction, it absolutely was executed onchain, unknowingly handing control of the cold wallet over on the attackers.}