$351.6 Million Stolen in Bitget Crypto Exchange Hack Linked to North Korea

Cryptocurrency exchange Bitget has suffered a significant breach at the hands of suspected North Korean hackers, resulting in the theft of $351.6 million from its hot and warm wallets.

The company discovered the incident on Thursday evening after its security systems flagged multiple unauthorized transfers from a limited number of crypto wallets.

Bitget has temporarily suspended all withdrawals while it investigates the incident with assistance from law enforcement agencies, on-chain security institutions, and cybersecurity experts at Mandiant and SlowMist.