As investigations unfolded, authorities traced the assault back to North Korea?�s infamous Lazarus Group, a point out-backed cybercrime syndicate by using a lengthy heritage of targeting money institutions.
Inside the a long time top up to the February 2025 copyright hack, the copyright industry professional a big escalation in cyber threats. The primary fifty percent of 2024 alone observed a doubling in money stolen through copyright hacks and exploits in comparison to the same interval in 2023.
The sheer read more scale in the breach eroded belief in copyright exchanges, resulting in a drop in trading volumes in addition to a shift towards safer or regulated platforms.
By the point the dust settled, over $one.five billion value of Ether (ETH) were siphoned off in what would turn into certainly one of the biggest copyright heists in history.}