
North Korean Hackers Steal $351.6 Million from Bitget Exchange in Sophisticated Backend Attack
In September 2026, suspected North Korean hackers infiltrated Bitget cryptocurrency exchange's backend wallet infrastructure, stealing $351.6 million from hot and warm wallets across multiple blockchain networks including Ethereum, XRP Ledger, and Arbitrum. The attackers compromised critical backend systems to spoof transaction data and trigger unauthorized fund transfers, affecting assets including ETH, XRP, BNB, AVAX, USDT, and USDC. Bitget suspended withdrawals immediately upon detection and activated its $464 million User Protection Fund to cover all customer losses. This incident highlights the persistent and evolving threat posed by North Korean state-sponsored groups targeting cryptocurrency exchanges, with these actors having stolen over $6 billion in crypto assets since 2017 to fund weapons programs.
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