As investigations unfolded, authorities traced the assault back again to North Korea?�s notorious Lazarus Team, a point out-backed cybercrime syndicate which has a prolonged background of concentrating on money institutions.
Cold storage: A good portion of person funds had been stored in chilly wallets, which are offline and regarded fewer prone to hacking makes an attempt.
The sheer scale from the breach eroded belief in copyright exchanges, bringing about a drop in investing volumes along with a shift towards more secure or regulated platforms.
2023 Atomic Wallet breach: The group was connected to the click here theft of more than $a hundred million from customers of your Atomic Wallet company, using sophisticated tactics to compromise person assets.}