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Bitget hit by $387 million crypto breach linked to North Korea

Original: Bitget hit by more than $387 million crypto breach as North Korean hackers face scrutiny

Crypto exchange Bitget has reportedly suffered a security breach worth more than $387 million, with suspicion falling on North Korean hacking groups. The incident adds to a pattern of large-scale cryptocurrency thefts attributed to state-backed North Korean hackers, who are estimated to have stolen billions from exchanges in recent years. Attention is turning to the exchange's security practices and how stolen funds may be laundered.

Why now: Reports of one of the largest crypto exchange breaches this year, with alleged North Korean involvement, are drawing widespread attention.

BitgetNorth KoreaLazarus Group

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