{
  "id": 9799119,
  "title": "North Korea accused of plundering Bitget for $387 million in year’s biggest crypto attack",
  "url": "https://urgent.news/2026/09/25/north-korea-accused-of-plundering-bitget-for-387-million-in-years",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T17:30:41.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/25/north-korea-bitget-387-million-crypto-attack/"
  },
  "original_language": "en",
  "account": "On Thursday night, the cryptocurrency exchange Bitget fell victim to a massive security breach, resulting in the theft of over $387 million. According to Bitget CEO Gracy Chen, the attackers allegedly exploited a backend system responsible for processing wallet transactions, making fraudulent withdrawals appear legitimate. The perpetrators did not steal private keys but instead manipulated Bitget's internal approval system to authorize the transfers. The exchange has since patched the vulnerability and is pausing withdrawals while investigating the security incident. Bitget's native token, BGB, experienced a nearly 7% drop in value to $1.93 before recovering slightly to $1.97. The unauthorized transfers were limited to the exchange's hot and warm wallets, which are company-controlled pools of crypto used for processing customer trades and withdrawals. Bitget Wallet, a self-custodial product where users control their own cryptocurrency, remained unaffected. The breach is the largest cryptocurrency hack of the year so far, coming on the heels of several other security incidents in the crypto sector over the past three months.",
  "summary": "Hackers exploited Bitget’s wallet backend, using a flaw that made fraudulent withdrawals look legitimate.",
  "key_points": [
    "North Korean hackers stole $387 million from Bitget in major crypto attack",
    "Attackers exploited backend system for fraudulent wallet transactions",
    "Bitget's native token BGB dropped 7% before recovering slightly"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "Circle and Tether step in to freeze hacker wallet after massive Bitget crypto heist",
        "url": "https://urgent.news/2026/09/25/circle-and-tether-step-in-to-freeze-hacker-wallet-after-massive",
        "published": "2026-09-25T14:41:53.000Z"
      },
      {
        "outlet": "The Record",
        "title": "Crypto CEO accuses North Korea of stealing $387 million from Bitget platform",
        "url": "https://urgent.news/2026/09/25/crypto-ceo-accuses-north-korea-of-stealing-387-million-from-bitget",
        "published": "2026-09-25T15:15:00.000Z"
      },
      {
        "outlet": "The Register",
        "title": "Bitget blames North Korea for $387.5M crypto wallet raid",
        "url": "https://urgent.news/2026/09/25/bitget-blames-north-korea-for-387-5m-crypto-wallet-raid",
        "published": "2026-09-25T17:04:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}