Bitget Suffers $356 Million Hack; CEO Suspects North Korean Actors

Cryptocurrency exchange Bitget has confirmed a security breach involving its hot wallets, with total losses estimated at $356 million. On-chain data from Lookonchain indicates that over 102 million $XRP, 31,890 $ETH, and significant amounts of stablecoins were stolen. CEO Gracy Chen stated that preliminary investigations show IP patterns consistent with North Korean hacking groups. The exchange has pledged to fully compensate affected users using its $465 million user protection fund and over $1 billion in internal reserves, explicitly distancing the platform from the collapse of FTX.