As investigations unfolded, authorities traced the assault back again to North Korea?�s notorious Lazarus Team, a point out-backed cybercrime syndicate having a extensive record of focusing on monetary institutions.
While in the a long time main up towards the February 2025 copyright hack, the copyright market seasoned a big escalation in cyber threats. The first half of 2024 alone saw a doubling in funds stolen by means of copyright hacks and exploits when compared to a similar period in 2023.
The sheer scale in the breach eroded have confidence in in copyright exchanges, leading to a drop in investing volumes and also a change toward more secure or regulated platforms.
2023 Atomic Wallet breach: The team was associated with the theft read more of over $100 million from consumers with the Atomic Wallet service, employing refined strategies to compromise consumer assets.}