As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a point out-backed cybercrime syndicate by using a lengthy heritage of targeting money institutions.
Cold storage: A significant portion of user funds had been stored in cold wallets, which can be offline and regarded fewer liable to hacking tries.
The sheer scale of the breach eroded have faith in in copyright exchanges, resulting in a decrease in trading volumes along with a change toward more secure or controlled platforms.
2023 Atomic Wallet breach: The group was connected read more to the theft of around $one hundred million from buyers in the Atomic Wallet service, using sophisticated tactics to compromise person assets.}