Highlight Clip: Bitget CEO: $350M Hack Very Likely Linked to North Korea

Bitget CEO: $350M Hack Very Likely Linked to North Korea

On September 24, Bitget detected unauthorized transfers from several hot wallets. Bitget CEO Gracie Chen said the team identified IP addresses whose VPN usage patterns matched those associated with a specific DPRK-linked group, making a North Korea connection “very likely.” She added that the attackers did not obtain private keys for Bitget’s hot, warm or cold wallets, but instead breached the exchange’s internal system and transferred funds directly. Bitget has previously said its user protection fund exceeds $464 million, which it says is sufficient to cover the loss. — link

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