As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Team, a condition-backed cybercrime syndicate that has a extensive history of targeting monetary institutions.
Inside the many years main up to your February 2025 copyright hack, the copyright market experienced an important escalation in cyber threats. The primary half of 2024 by yourself saw a doubling in cash stolen by means of copyright hacks click here and exploits in comparison to a similar time period in 2023.
All transactions are recorded online within a electronic databases known as a blockchain that employs impressive a single-way encryption to guarantee security and proof of ownership.
When the licensed staff signed the transaction, it was executed onchain, unknowingly handing control of the cold wallet about towards the attackers.}