As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a point out-backed cybercrime syndicate which has a extensive record of focusing on economic establishments.
From the years top up into the February 2025 copyright hack, the copyright industry skilled a major escalation in cyber threats. The primary 50 % of 2024 by itself noticed a doubling in cash stolen as a result of copyright hacks and exploits in comparison to the identical time period in 2023.
All transactions are recorded on the internet inside check here a electronic databases named a blockchain that works by using highly effective just one-way encryption to be sure safety and evidence of possession.
When the authorized staff signed the transaction, it was executed onchain, unknowingly handing Charge of the cold wallet in excess of for the attackers.}