As investigations unfolded, authorities traced the assault back again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate with a very long historical past of targeting money institutions.
Within the several years main up for the February 2025 copyright hack, the copyright sector professional a major escalation in cyber threats. The very first 50 percent of 2024 by itself saw a doubling in funds stolen by way of copyright hacks and exploits in comparison to exactly the same time period in 2023.
All transactions are recorded on line in a very electronic database identified as a blockchain that uses impressive a person-way encryption to ensure safety and evidence of possession.
2023 here Atomic Wallet breach: The group was linked to the theft of in excess of $100 million from people in the Atomic Wallet services, utilizing advanced procedures to compromise user property.}