GoKawiil
Tech News
Crypto exchange Bitget disclosed a $388 million security breach and said it is 'very likely' the work of North Korean hackers. The company stated that user private keys were not compromised and that a bitcoin-backed protection fund will cover the losses, while withdrawals remain frozen pending an investigation.
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.
Bitget said suspected North Korean hackers stole roughly $351.6 million from its hot and warm wallets after unauthorized transfers were flagged Thursday evening. The exchange has paused withdrawals and enlisted Mandiant and SlowMist to investigate, while saying its cold wallets, self-custodial wallet product, and customer balances remain unaffected.