Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Summary
Bitget said its $351.6 million breach may be linked to North Korean hackers, based on early signs including IP addresses associated with VPN services used by a DPRK group and attack patterns similar to previous North Korean incidents. CEO Gracy Chen said investigators do not believe it was an inside job. She added that the attackers directly breached Bitget’s systems and moved funds, rather than forging withdrawal requests or stealing private keys from cold, hot, or warm wallets. The company is still investigating which systems were compromised and how access was gained. Withdrawals remain suspended. Chen also said some stolen funds have been recovered, and Bitget is working with blockchain groups and other partners on recovery efforts.
