Bitget Suspects North Korean Hackers Behind $351.6 Million Security Breach

Crypto exchange Bitget is investigating a security breach that resulted in approximately $351.6 million in unauthorized digital asset transfers.

The preliminary evidence suggests that North Korean hackers may be behind the attack, with IP addresses linked to VPN services previously used by a hacking group associated with the country.

Bitget CEO Gracy Chen stated that the pattern of the attack resembled earlier operations attributed to North Korea, and the company's security team found that the attacker had breached a critical backend wallet system.

The exchange has suspended withdrawals while its technical teams repair and reinforce the affected systems, but deposits and trading continue normally.