North Korean hackers suspected in $351M crypto theft from Bitget
A cyberattack on cryptocurrency exchange Bitget has resulted in the unauthorized transfer of over $351 million worth of digital assets, marking it as the largest known heist this year. The breach is attributed to North Korean hacker groups, which have been linked to a significant portion of crypto thefts so far in 2026. Bitget confirmed that hot wallets were compromised during the attack and has suspended withdrawals while investigating further. CEO Gracy Chen stated that the company's $464 million user protection fund should cover losses from the incident, though no timeline was given for when services will resume. North Korean hacking groups are known to target crypto platforms in order to finance state programs such as nuclear development. Blockchain intelligence firm TRM Labs estimates that three-quarters of all 2026 cryptocurrency thefts have been traced back to North Korea. The attack highlights the ongoing vulnerability within the crypto sector and raises concerns about security measures at exchanges.
Topics: Crypto crypto exchange cyberattack cybersecurity Security