North Korea named as primary suspect in $387 million Bitget crypto hack
Bitget says $387.5 million hack may be linked to North Korean state-backed actors, citing suspicious IP addresses tied to VPN infrastructure previously used by North Korean hacker groups.
North Korea is suspected to be responsible for a massive $387 million cryptocurrency hack on exchange Bitget, according to the company's CEO. The attack, the largest in 2026 so far, exhibited traits suggesting state-sponsored North Korean hackers. Bitget detected unusual transfers from various wallets on Thursday and discovered that hackers exploited a backend system, forging transfers.
The stolen assets included various cryptocurrencies across multiple networks. The final official loss value was $387.5 million, recovered by Bitget's $464 million User Protection Fund. The company is implementing security measures and a recovery-bounty program. This incident follows a string of crypto hacks attributed to state actors, notably North Korea.
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