Bitget Confirms $351.6 Million Hack, Suspects North Korea’s Lazarus Group
Cryptocurrency exchange Bitget has confirmed that attackers stole approximately $351.6 million after gaining unauthorized access to part of its wallet infrastructure.
The incident was detected at 18:31 UTC on September 24, 2026, when Bitget’s security systems identified unauthorized transfers involving several hot wallets. The exchange suspended withdrawals, flagged the receiving addresses and contacted law enforcement and blockchain security companies.
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Bitget said deposits and trading remained available. It also stated that customer balances were accurate and its cold wallets had not been affected.
According to Bitget CEO Gracy Chen, the stolen amount is covered by the exchange’s User Protection Fund, which held more than $464 million when the incident occurred.
Bitget Says Its Internal Systems Were Breached
During a live broadcast on X, Chen described the incident as a direct breach of Bitget’s systems or servers. She said the attackers transferred funds directly rather than forging withdrawal...
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