As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Team, a point out-backed cybercrime syndicate having a prolonged record of targeting economic establishments.
Chilly storage: A good portion of consumer funds were saved in chilly wallets, which might be offline and viewed as a lot less at risk of hacking makes an attempt.
The sheer scale with the breach eroded have confidence in in copyright exchanges, bringing about a decline in investing volumes along with a change toward more check here secure or controlled platforms.
By the time the dust settled, around $1.five billion well worth of Ether (ETH) were siphoned off in what would grow to be one of the biggest copyright heists in history.}