As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate with a prolonged history of focusing on financial institutions.
From the many years major up to your February 2025 copyright hack, the copyright marketplace professional an important escalation in cyber threats. The first half of 2024 by itself observed a doubling in resources stolen through copyright hacks and exploits when compared to the same interval in 2023.
The sheer scale with the breach eroded belief in copyright exchanges, bringing about a drop in buying and selling volumes plus a shift towards more secure or regulated platforms.
As soon as the licensed personnel signed the transaction, it was executed onchain, website unknowingly handing Charge of the cold wallet over into the attackers.}