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As investigations unfolded, authorities traced the attack back again to North Korea?�s infamous Lazarus Team, a state-backed cybercrime syndicate which has a very long historical past of targeting financial establishments.

Chilly storage: A significant portion of consumer resources had been saved in cold wallets, that are offline and regarded as less susceptible to hacking makes an attempt.

All transactions are recorded online inside of a electronic database called a blockchain that utilizes potent a single-way encryption to make sure stability and evidence of ownership.

2023 Atomic Wallet breach: The team was associated with the theft of above $a hundred million from customers click here with the Atomic Wallet service, using complex methods to compromise consumer belongings.}