Bitget loses $351 million in suspected North Korean hack
Cryptocurrency exchange Bitget says attackers stole over $351 million from its hot and warm wallets in a cyberattack on September 24. Both Bitget and external analysts say the method points to North Korean hacker groups, but the exact mechanism is still under investigation. The company has frozen withdrawals, but says customer balances remain accurate and unaffected funds are secure.
- Bitget lost $351 million from wallet breach
- Suspected North Korean hackers involved, both sources report
- Withdrawals suspended during security investigation
- Customer balances said to remain accurate
- Bitget's cold wallets were not affected
Sources covering this
How it unfolded
- The Hacker News Bitget Says Suspected North Korean Hackers Stole $351.6M After Backend Compromise
- TechCrunch North Korean hackers suspected in $351M crypto theft, the largest so far this year
- SecurityWeek North Korea Suspected in $351 Million Bitget Crypto Heist
- The Record Crypto CEO accuses North Korea of stealing $387 million from Bitget platform
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