Bitget Reports $387M Loss, Suspects North Korean Involvement

2026-09-27

Cryptocurrency exchange Bitget has reported a loss of approximately $387.5 million following a security breach. The exchange's CEO indicated that the attack methods suggest involvement from North Korea.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency exchange Bitget reported a loss of $387.5 million due to a security breach. The exchange's CEO suspects North Korean involvement based on the attack methods used.

Key facts

Bitget reported a loss of $387.5 million from its hot and warm wallets.
The attacker gained access by faking internal transfer requests.
The exchange's CEO suspects North Korea may be responsible for the breach.
The full extent of the financial impact and specific vulnerabilities are under review.

Source: Decrypt

Reported by VERA Newswire.