GoKawiilBitget restores Bitcoin withdrawals after $387.5 million hack tied to North Korea
Bitget has reopened Bitcoin withdrawals after suspending them following a breach it says North Korean hackers carried out last week, stealing $387.5 million across multiple chains and tokens. The exchange plans to phase back withdrawals for ETH, USDT and other assets by early October, saying it has fixed the exploited vulnerability and that user balances remain unaffected thanks to its Protection Fund.
GoKawiil's interpretation of the reporting above, not reported fact.
The staggered rollout suggests Bitget is trying to balance user pressure to restore access with caution about further exploitation of the same infrastructure flaw. CEO Gracy Chen's attribution to North Korean actors, based on on-chain and IP analysis, adds to a pattern of state-linked groups targeting exchange hot wallets, which could intensify scrutiny of exchange security practices industry-wide.
- Bitget resumed BTC withdrawals; other assets phase back through October 2.
- Total stolen funds now estimated at $387.5 million across seven blockchains.
- Bitget says user balances are unaffected due to its Protection Fund covering losses.
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Published there as: “Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist”
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