Crypto platform Bitget suspects North Korea is responsible for $352 million hack
Bitget said customer balances are safe and its $464 million protection fund covers the loss as investigators probe a backend wallet compromise.
- On Thursday, crypto exchange Bitget suffered a system breach exposing approximately $351.6 million in assets, CEO Gracy Chen announced in a social media post.
- Unauthorized transfers targeted Bitget hot wallets while cold wallets remained secure, Chen confirmed; the Liquid Network lost $320 million earlier this month to an alleged hack.
- Arkham Intelligence analyst Emmett Gallic identified unauthorized movements involving ETH, BNB, AVAX, and USDT0 across multiple blockchains; researchers initially flagged unusual activity totaling around $183 million.
- Deposits and trading remain online, but Bitget is "temporarily" pausing withdrawals pending a security review, Chen said; the exchange holds more than $464 million in its user protection fund.
- Market reaction followed the news, with Bitget's native BGB token down 2.9% as of press time; Bitcoin's price fell 0.29% and ETH's price dropped 0.2% over the past 24 hours.
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HaberlerCedarnews.net. لمتابعة المزيد من أخبار والتقارير الحصرية، زورونا على موقعنا. Cryptocurrency exchange Bitget updated the amount of assets affected in the attack to 387.5 million dollars. This is Cedarnews. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
Cryptocurrency exchange Bitget reported unauthorized transfers of about $351.6 million in crypto assets in a hack on September 24. Some of the platform’s hot and warm wallets were affected, while cold wallets were not affected, according to the company. Bitget CEO Gracie Chen said preliminary evidence points to North Korean hackers. “We have identified some IP addresses that match the VPN usage preferences of a certain North Korean group. Theref…
Crypto exchange Bitget pauses withdrawals after $350 million stolen in hack
Bitget increased the value of assets transferred to invader-controlled addresses to $387.5 million in a cyber attack identified on Wednesday (24). The initial estimate was $351.6 million. According to the cryptoactive broker, the review occurred after a more complete clearance of transactions and included assets in the Zcash and Tron blockchains that had not entered the initial calculation. The company states that the change does not reflect new…
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