Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect
60-second summary
Bitget reports a $387.5 million theft after an attacker forged internal transfer requests to empty its hot and warm wallets, and CEO Lee Seok‑woo says the digital fingerprints resemble North Korean code signatures. The breach highlights vulnerabilities in centralized exchange controls, prompting tighter AML scrutiny and potentially shaking investor confidence across the crypto market.
An attacker faked internal transfer requests to drain $387.5 million from Bitget's hot and warm wallets, and the exchange's CEO says the fingerprints look like Pyongyang's.