Bitget Suspects North Korea in $352 Million Hack Investigation

Crypto exchange Bitget suspects North Korean hackers are behind a security breach affecting approximately $351.6 million in digital assets. CEO Gracy Chen reported that investigators identified internet protocol addresses connected to a North Korean hacking group. The breach involved unauthorized transfers from Bitget's hot and warm wallets, while cold wallets remained secure. Withdrawals are currently suspended, but customer balances are accurate and covered by Bitget's User Protection Fund of over $464 million. This incident highlights the ongoing risks in the cryptocurrency sector, particularly in terms of cyber security.

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