As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate with a extended record of targeting fiscal establishments.
From the several years foremost up for the February 2025 copyright hack, the copyright market skilled a significant escalation in cyber threats. The first 50 % of 2024 on your own saw a doubling in resources stolen by way of copyright hacks and exploits when compared to precisely the same time click here period in 2023.
The sheer scale in the breach eroded believe in in copyright exchanges, bringing about a decline in investing volumes as well as a change toward safer or controlled platforms.
By the point the dust settled, in excess of $1.5 billion worth of Ether (ETH) were siphoned off in what would become considered one of the largest copyright heists in record.}