As investigations unfolded, authorities traced the assault again to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate that has a lengthy historical past of targeting financial establishments.
Chilly storage: A significant portion of consumer funds had been saved in chilly wallets, which can be offline and regarded as a lot less susceptible to hacking attempts.
The sheer scale of your breach eroded believe in in copyright exchanges, resulting in a decrease in trading volumes as well as a shift toward more secure or regulated platforms.
2023 Atomic Wallet breach: The group was associated with the theft of more read more than $one hundred million from users in the Atomic Wallet assistance, employing subtle tactics to compromise user property.}