As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Team, a condition-backed cybercrime syndicate that has a very long history of focusing on fiscal institutions.
Chilly storage: A good portion of user funds have been saved in chilly wallets, that are offline and regarded fewer susceptible to hacking attempts.
The sheer scale with the breach eroded belief in copyright exchanges, resulting in a decrease in trading volumes and a change toward more secure or controlled platforms.
2023 Atomic Wallet breach: The group was associated with the theft of about $one hundred million from customers of your Atomic check here Wallet company, employing complex methods to compromise consumer belongings.}