As investigations unfolded, authorities traced the attack back again to North Korea?�s notorious Lazarus Group, a point out-backed cybercrime syndicate using a extensive historical past of targeting money institutions.
While in the several years main up into the February 2025 copyright hack, the copyright industry skilled a substantial escalation in cyber threats. The very first half of 2024 alone saw a doubling in funds stolen via copyright hacks and exploits in comparison with the identical time period in 2023.
The more info sheer scale of the breach eroded belief in copyright exchanges, resulting in a decline in investing volumes in addition to a change toward safer or regulated platforms.
By the point the dust settled, in excess of $1.5 billion worth of Ether (ETH) were siphoned off in what would turn into among the largest copyright heists in heritage.}