Hackers steal $351.6 million in Bitget crypto exchange hack
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Cryptocurrency exchange Bitget suffered a breach in which $351.6 million was stolen from its hot and warm wallets. The attack is attributed to suspected North Korean hackers who compromised a critical backend system within Bitget's wallet infrastructure, enabling them to forge transaction data and trigger fund transfers. The breach affected multiple blockchain networks including Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base, with XRP suffering the largest single-chain loss. Bitget has suspended withdrawals pending investigation and confirmed that its cold wallets and self-custodial Bitget Wallet were unaffected. The losses will be covered by the User Protection Fund.
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