Bitget Says Suspected North Korean Hackers Stole $351.6M After Backend Compromise
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Cryptocurrency exchange Bitget suffered a $351.6 million theft from its hot and warm wallets, attributed to suspected North Korean threat actors. The attackers compromised a critical backend system, spoofed transaction data, and triggered unauthorized fund transfers. While customer balances remain intact and cold wallets were unaffected, withdrawals have been suspended during a security review. Bitget has engaged Mandiant and SlowMist for investigation and is collaborating with blockchain foundations to freeze hacker-controlled wallet addresses. The attack pattern aligns with known North Korean hacking groups based on IP behavior and on-chain analysis.
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