Bitget blames North Korea for $387.5M crypto wallet raid
Bitget says North Korean hackers stole about $387.5 million via its wallet backend.
Bitget CEO Gracy Chen said attackers stole about $387.5 million in digital assets after first estimating $351.6 million, adding later-identified Zcash and TRON losses. Arkham reported roughly $350 million taken, including about $228 million in 18 minutes, with $153 million of XRP, $66.2 million of ETH, $34.8 million of USDT, $12.9 million of USDC, and $12.8 million of Tether Gold among the assets. Chen said hackers breached the wallet-service backend, forged transfer data, and invoked authorization signing, while ruling out private-key leakage; cold wallets and customer balances were unaffected and withdrawals were paused. IP patterns and on-chain signatures are being linked to North Korea. Mandiant and SlowMist are investigating, and Bitget set aside 5% of the stolen amount as a recovery bounty.
- Bitget revised the theft to $387.5 million after more Zcash and TRON losses.
- Arkham saw about $228 million leave in 18 minutes, including $153 million of XRP.
- Wallet backend was abused to forge transfers; private-key leakage was ruled out.
- Cold wallets and customer balances were unaffected; withdrawals were paused.
- Bitget cites North Korean IP and on-chain patterns and offers a 5% bounty.
- Products
- Bitget Wallet
- Threat actors
- North Korea
- Victims
- Bitget
- Countries
- North Korea
From the original article
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