As investigations unfolded, authorities traced the assault again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate by using a long historical past of concentrating on economic establishments.
Cold storage: A good portion of person funds had been stored in cold wallets, which happen to be offline and considered considerably less at risk of hacking tries.
The sheer scale of your breach eroded trust in copyright exchanges, leading to a drop in investing volumes along with a change toward more secure or regulated platforms.
By the time the dust settled, around $one.5 billion really worth of Ether (ETH) were siphoned more info off in what would develop into certainly one of the most important copyright heists in heritage.}