As investigations unfolded, authorities traced the assault back to North Korea?�s notorious Lazarus Group, a state-backed cybercrime syndicate having a long record of focusing on money institutions.
Cold storage: A good portion of person funds have been saved in chilly wallets, that are offline and viewed as get more info much less vulnerable to hacking makes an attempt.
All transactions are recorded on line in a electronic database referred to as a blockchain that makes use of potent a single-way encryption to make certain safety and evidence of ownership.
2023 Atomic Wallet breach: The team was associated with the theft of above $a hundred million from consumers from the Atomic Wallet assistance, employing complex strategies to compromise person assets.}