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2 GoKawiil briefs on this topic

Bitget Says $388M Breach Likely Tied to North Korea, Freezes Withdrawals

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.

gizmodo.com · 2026-09-25

Explainer: How cold wallets keep cryptocurrency private keys offline and secure

Cold wallets are cryptocurrency storage methods that never connect to the internet, protecting the private keys needed to prove ownership of blockchain assets. These range from simple paper wallets listing 12 or 24 recovery words to dedicated hardware devices that sign transactions internally before connecting briefly via USB, Bluetooth or NFC to authorize transfers.

engadget.com · 2026-09-02