Bitget CEO Links $388 Million Exchange Hack to North Korean Actors

Bitget CEO Gracy Chen confirmed that North Korean hackers stole approximately $388 million in digital assets from the exchange, a figure higher than the initial $350 million estimate. The breach, which occurred on Thursday, involved unauthorized transfers from hot wallets, primarily affecting Ethereum, Tron, and USDT. Chen stated that on-chain analysis and IP patterns align with known North Korean hacking groups. The exchange has suspended withdrawals while working toward a full recovery of funds.