North Korea Suspected in $351 Million Bitget Crypto Heist

North Korea Suspected in 1 Million Bitget Crypto Heist
Bitget says the $351.6 million theft from its systems closely matches techniques used by known North Korean threat actors, based on IP behavior and on-chain analysis. The company said the attackers abused a compromised backend system to approve fraudulent transfers, while hot wallets were affected and cold wallets were not. #Bitget #NorthKorea #GracyChen #Mandiant #SlowMist

Keypoints

  • Bitget lost about $351.6 million in digital assets.
  • The attack patterns resembled known North Korean hacker activity.
  • The stolen funds came from a small number of hot wallets.
  • Bitget said its cold wallets and Bitget Wallet were not affected.
  • Mandiant and SlowMist are assisting with the investigation.

Read More: https://www.securityweek.com/north-korea-suspected-in-351-million-bitget-crypto-heist/