Bitget said hackers stole at least $387.5 million from its exchange after a breach of its wallet services backend, with evidence pointing to North Korea-linked actors. The company has suspended withdrawals, brought in Mandiant and SlowMist, and plans to use its User Protection Fund to cover losses while recovery efforts continue. #Bitget #Mandiant #SlowMist #NorthKorea #LazarusGroup #Bybit #Kelp #Drift
Keypoints
- Bitget confirmed a breach that led to more than $387 million in stolen crypto.
- The attack targeted a backend system of Bitget’s wallet services.
- Investigators linked the theft to North Korean hackers using on-chain and behavioral evidence.
- Bitget suspended withdrawals and is working with Mandiant and SlowMist on recovery.
- The company said its User Protection Fund will cover losses and some stolen funds have already been frozen.
Read More: https://therecord.media/crypto-ceo-accuses-north-korea-of-387-million-theft