As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate with a very long historical past of concentrating on money institutions.
During the years major up for the February 2025 copyright hack, the copyright sector seasoned a big escalation in cyber threats. The main 50 % of 2024 by itself noticed a doubling in cash stolen by way of copyright hacks and exploits when compared website to a similar interval in 2023.
Future, cyber adversaries have been steadily turning towards exploiting vulnerabilities in third-occasion computer software and services integrated with exchanges, bringing about indirect protection compromises.
By the time the dust settled, more than $one.5 billion worth of Ether (ETH) were siphoned off in what would grow to be one of the most important copyright heists in background.}