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 institutions.
While in the a long time top up towards the February 2025 copyright hack, the copyright industry professional a big escalation in cyber threats. The primary fifty percent of 2024 alone noticed a doubling in money stolen through copyright hacks and exploits compared to a similar period of time in 2023.
The sheer scale with the breach eroded have confidence in in copyright exchanges, bringing about a decline in investing volumes along with a change towards more secure or controlled platforms.
By the time the dust settled, over $one.five billion value of Ether (ETH) were siphoned off in what would grow to be one of the biggest copyright heists in here history.}