As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a point out-backed cybercrime syndicate which has a long record of targeting economical institutions.
In the many years foremost up to the February 2025 copyright hack, the copyright market experienced a major escalation in cyber threats. The primary 50 percent of 2024 on your own observed a doubling in funds stolen by copyright hacks and exploits when compared to a similar interval in 2023.
The sheer scale of the breach eroded rely on in copyright exchanges, resulting in a drop in buying and selling volumes in addition to a change toward safer check here or regulated platforms.
Once the licensed personnel signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet more than to the attackers.}