Bitget

Crypto exchange Bitget has reportedly suffered a breach worth more than $387 million, with North Korean hackers facing scrutiny over the incident. The alleged theft ranks among the larger crypto security failures in recent memory, renewing attention on state-backed hacking groups targeting digital asset platforms. Details about how the attack was carried out and what Bitget is doing to recover funds remain limited.

Investigators assess that North Korea was very likely responsible for a $388 million hack of the crypto exchange Bitget, one of the largest thefts from a digital asset platform this year. The attribution points to state-backed hackers who have repeatedly targeted exchanges to fund the regime. The scale of the loss is renewing debate over crypto security and sanctions evasion.

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and laid out a plan to restart customer withdrawals. The revised figure makes the incident one of the larger exchange security breaches, and users are watching closely for confirmation that withdrawals will resume as scheduled and that funds remain protected.

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a phased timeline for restoring customer withdrawals. The revised figure makes it one of the larger exchange security breaches, and users are watching closely to see whether the payout schedule holds and how the platform compensates affected accounts.

Roughly $183 million in crypto moved out of a Bitget exchange wallet, prompting users to worry the funds were stolen in a hack. Bitget has not yet confirmed whether the transfers were an internal operation or a security breach, and traders are watching the exchange's statements closely for reassurance.