As investigations unfolded, authorities traced the assault again to North Korea?�s infamous Lazarus Group, a point out-backed cybercrime syndicate which has a very long heritage of targeting money institutions.
Cold storage: A good portion of user resources have been saved in cold wallets, which might be offline and regarded as a lot less susceptible read more to hacking makes an attempt.
The sheer scale of your breach eroded believe in in copyright exchanges, leading to a decline in trading volumes and a change toward safer or controlled platforms.
2023 Atomic Wallet breach: The group was associated with the theft of in excess of $100 million from buyers on the Atomic Wallet services, utilizing advanced procedures to compromise consumer assets.}