North Korea ‘Very Likely’ Behind $388 Million Hack of Crypto Exchange Bitget
Summary
Gizmodo reports that Bitget was hacked for about $387.5–$388 million, with private keys not stolen and the loss covered by Bitget's User Protection Fund. The breach affected hot and warm wallets while cold wallets remained safe, and investigations involve Mandiant and SlowMist. The article discusses on-chain breakdowns of stolen funds and North Korea as the likely actor, placing Bitget within a broader pattern of DPRK-linked crypto thefts.