Bitget Crypto Exchange Suffers Massive Hack Linked to North Korea

Crypto exchange Bitget has suffered a massive hack, resulting in the theft of $351.6 million in assets. The incident occurred on Thursday evening and is believed to be linked to North Korea.

In a statement, Bitget assured users that their funds are safe and that the unauthorized transfers have been detected. The company added that losses related to the incident will be covered by its protection fund, which holds more than $464 million.