Bitget Hacked for $352 Million Suspected North Korean Cyberattack
Crypto exchange Bitget has reported a significant security breach involving approximately $351.6 million in digital assets, with the company suspecting involvement from North Korean hackers based on preliminary evidence and IP address analysis linked to known hacking groups. The attack occurred through unauthorized transfers from hot and warm wallet systems Thursday afternoon, affecting multiple blockchain networks including Ethereum, XRP Ledger, Avalanche, BNB Smart Chain, and Arbitrum. Assets like ether, USDT, and BNB were impacted. Bitget's CEO Gracy Chen stated the breach was contained without private key compromise. Bitget has assured users that customer balances remain accurate and that losses are fully covered by its $464 million User Protection Fund. Withdrawals have been suspended for system repairs but may resume within hours or days, while trading continues normally.
Topics: Bitget crypto_hack cybersecurity North_Korean_hackers