Bitget hit by $387.5 million hack
Bitget has halted customer withdrawals after hackers that the crypto exchange suspects are linked to North Korea stole more than $380 million.
Bitget, a cryptocurrency exchange, has halted customer withdrawals after a hack. Hackers stole approximately $351.6 million, according to Gulf News, or more than $380 million, as reported by Finextra. The exchange suspects the hackers are linked to North Korea.
The hackers breached a critical backend system within Bitget's wallet infrastructure, spoofing transaction data and triggering the authorization process to move funds out. According to Bitget's Chief Executive Gracy Chen, private key compromise has been ruled out. The company has confirmed that the loss has been contained and there is no risk of further unauthorized transfers from the platform.
Bitget's security systems detected the unauthorized transfers from some of its hot wallets on September 24, 2026, at 18:31 UTC. The security team activated emergency response protocols immediately. Withdrawals remain suspended as technical teams work on repairs and additional security checks.
Brief written by urgent.news from Finextra, Gulf News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
