As investigations unfolded, authorities traced the assault back to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate by using a lengthy heritage of targeting economic establishments.
Cold storage: A significant portion of user funds had been stored in cold wallets, that are offline and deemed considerably less at risk of hacking makes an attempt.
Subsequent, cyber adversaries ended click here up progressively turning towards exploiting vulnerabilities in third-social gathering software and expert services built-in with exchanges, leading to oblique stability compromises.
As soon as the licensed staff signed the transaction, it absolutely was executed onchain, unknowingly handing Charge of the chilly wallet over towards the attackers.}