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As investigations unfolded, authorities traced the attack again to North Korea?�s notorious Lazarus Group, a point out-backed cybercrime syndicate which has a very long background of concentrating on financial establishments.

Cold storage: A good portion of consumer cash had been stored in cold wallets, which can be offline and regarded fewer vulnerable to hacking tries.

All transactions are recorded online inside of a electronic database called a click here blockchain that works by using strong 1-way encryption to ensure stability and proof of possession.

By the time the dust settled, more than $1.five billion worthy of of Ether (ETH) were siphoned off in what would grow to be one among the biggest copyright heists in background.}