North Korea Suspected in $351 Million Bitget Crypto Heist
Cryptocurrency exchange Bitget says the hackers who stole roughly $351.6 million in digital assets from its systems used techniques that closely resemble those of known North Korean threat actors.
“Based on IP behavior patterns and on-chain analysis, the attack method in this incident is highly consistent with known patterns of North Korean hacker organizations,” Bitget CEO Gracy Chen said in a Friday post on X.
Chen’s post did not name a specific threat group, and Bitget has not detailed the evidence behind its assessment. She said the incident has been reported to the relevant authorities.
Founded in 2018, Bitget runs a centralized exchange for spot and derivatives crypto trading. It also offers Bitget Wallet, a self-custodial wallet that the company says runs on separate infrastructure and was not affected.
Bitget said its security systems caught the unauthorized transfers on September 24. The funds came from a small number of the...
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