As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Group, a condition-backed cybercrime syndicate which has a extended record of targeting money institutions.
In the decades primary up to your February 2025 copyright hack, the copyright sector knowledgeable a substantial escalation in cyber threats. The first 50 % of 2024 by yourself observed a doubling in money stolen through copyright hacks and exploits as compared to precisely the same period in 2023.
The sheer scale of the breach eroded have faith in in copyright exchanges, bringing about a decline in buying and selling volumes in addition to a shift toward more secure or controlled platforms.
By the point the dust settled, more than $one.five billion really worth of Ether (ETH) were siphoned off in what would click here become one among the most important copyright heists in background.}