As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate having a extended history of concentrating on money institutions.
Chilly storage: A good portion of user cash had been stored in chilly wallets, that are offline and viewed as less at risk of hacking attempts.
The sheer scale of the breach eroded believe in in copyright exchanges, bringing about a decrease in trading volumes in addition to read more a change toward safer or controlled platforms.
As soon as the approved personnel signed the transaction, it absolutely was executed onchain, unknowingly handing control of the chilly wallet in excess of towards the attackers.}