Bitget Hack Linked to North Korean Lazarus Group

Following a 351.6 million USD hot wallet breach at exchange Bitget, on-chain analyst Specter linked the stolen XRP funds to the Lazarus Group, specifically the TraderTraitor cluster associated with the July AFX Trade hack. Bitget CEO Gracy Chen stated that the incident involved a compromise of the backend system rather than a private key leak. The exchange has suspended withdrawals and pledged to cover losses using its 464 million USD user protection fund.