As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Team, a condition-backed cybercrime syndicate with a prolonged historical past of concentrating on money institutions.
Chilly storage: A good portion of user cash were stored in cold wallets, that happen to be offline and considered considerably less susceptible to click here hacking attempts.
The sheer scale of the breach eroded belief in copyright exchanges, resulting in a decline in buying and selling volumes and a change towards safer or regulated platforms.
2023 Atomic Wallet breach: The group was linked to the theft of above $one hundred million from buyers of the Atomic Wallet service, employing sophisticated methods to compromise user assets.}