As investigations unfolded, authorities traced the attack back to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate having a long heritage of targeting money institutions.
Cold storage: A significant portion of user funds had been stored in cold wallets, which might be offline and thought of much less prone to hacking attempts.
The sheer scale of your breach eroded belief in copyright exchanges, bringing about a decrease in buying and selling volumes along with a check here change toward more secure or controlled platforms.
2023 Atomic Wallet breach: The group was connected to the theft of about $a hundred million from users from the Atomic Wallet provider, using complex techniques to compromise user assets.}