As investigations unfolded, authorities traced the assault again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate by using a lengthy heritage of targeting fiscal establishments.
Within the many years leading up to the February 2025 copyright hack, the copyright field professional a big escalation in cyber threats. The primary fifty percent of here 2024 alone observed a doubling in money stolen via copyright hacks and exploits in comparison to the same interval in 2023.
The sheer scale in the breach eroded trust in copyright exchanges, resulting in a decline in buying and selling volumes and a shift toward more secure or controlled platforms.
By the point the dust settled, in excess of $1.5 billion worth of Ether (ETH) had been siphoned off in what would become considered one of the largest copyright heists in heritage.}