As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate having a very long background of concentrating on monetary establishments.
Chilly storage: A significant portion of consumer cash ended up saved in chilly wallets, which happen to be offline and considered much less prone to hacking makes an attempt.
The sheer scale on the breach website eroded have confidence in in copyright exchanges, leading to a drop in buying and selling volumes and a change toward safer or regulated platforms.
2023 Atomic Wallet breach: The team was associated with the theft of around $100 million from customers on the Atomic Wallet assistance, utilizing sophisticated methods to compromise user property.}