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As investigations unfolded, authorities traced the attack again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate which has a extended record of focusing on economical institutions.

Chilly storage: A good portion of person funds had been saved in cold wallets, which might be offline and regarded as considerably less susceptible to hacking attempts.

All transactions are recorded on-line inside a electronic database known as a blockchain that uses impressive just one-way encryption to be sure safety and evidence of ownership.

Once the licensed personnel signed the transaction, it absolutely website was executed onchain, unknowingly handing Charge of the cold wallet about on the attackers.}