Bitget Says Suspected North Korean Hackers Stole $351.6M After Backend Compromise

Bitget, a cryptocurrency exchange, has reported a significant theft of $351.6 million from its hot and warm wallets, attributing the incident to suspected North Korean hackers. The unauthorized transfers were detected by the exchange's security systems on September 24, 2026. The breach appears to be limited to a subset of hot wallets. Fortunately, the majority of the platform's assets, including those stored in cold wallets, remain unaffected. The exchange identified the issue at 18:31 UTC on the day of the incident. The theft is a notable example of a targeted attack on a cryptocurrency platform.