$351.6M Bitget Hack: Backend Breach Exposes Exchange's Vulnerabilities

The Bitget crypto exchange was hit by a major security breach on September 24, 2026, resulting in approximately $351.6 million in unauthorized transfers from its hot and warm wallet facilities.

Withdrawals were suspended while deposits and trading functioned normally, with the exchange stating that customer balances remained accurate and its protection fund could cover the estimated loss.

Investigatory attention is focused on the backend compromise and asset transference, which may involve a North Korean connection.