GoKawiilBitget suffers $351M hack, suspects North Korean state hackers
Cryptocurrency exchange Bitget said hackers stole more than $351 million from its hot wallets in a Thursday cyberattack, making it the largest crypto theft of the year. The exchange has suspended withdrawals and said its $464 million user protection fund should cover losses, though CEO Gracy Chen did not give a timeline for restoring withdrawals.
GoKawiil's interpretation of the reporting above, not reported fact.
Chen said the attack's methods resembled known patterns of North Korean hacking groups, and blockchain analytics firm TRM Labs attributes roughly three-quarters of 2026's crypto thefts to North Korea, suggesting state-linked actors continue to exploit exchange security gaps to fund weapons programs. The incident adds to a string of major exchange breaches this year, which could intensify pressure on exchanges to overhaul hot-wallet security practices.
- Bitget lost over $351 million in a Thursday hack, the largest crypto theft of 2026 so far.
- The exchange suspended withdrawals and says its $464 million protection fund can cover the losses.
- Bitget's CEO says the attack pattern matches known North Korean hacking groups, which TRM Labs links to most 2026 crypto thefts.
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Published there as: “North Korean hackers suspected in $351M crypto theft, the largest so far this year”
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