As investigations unfolded, authorities traced the attack back to North Korea?�s infamous Lazarus Group, a condition-backed cybercrime syndicate having a extensive historical past of concentrating on monetary institutions.
While in the yrs main up into the February 2025 copyright hack, the copyright industry experienced a significant escalation in cyber threats. The very first half of 2024 alone observed a doubling in resources stolen by copyright hacks and exploits as compared to a similar interval in 2023.
The sheer scale of the breach eroded belief in copyright exchanges, resulting in a decline in investing volumes as well as a shift towards more secure or controlled platforms.
By the time the dust settled, about click here $1.five billion worthy of of Ether (ETH) had been siphoned off in what would become considered one of the biggest copyright heists in history.}