North Korean Hackers Linked To $388M Bitget Hack

Hackers from North Korea targeted crypto exchange Bitget on Thursday, according to an update from the CEO, making away with close to $388 million in digital assets — more than originally reported. 

Bitget CEO Gracy Chen said Friday that the higher figure “reflects a more complete accounting of transfers during the incident.” Chen had first reported that over $350 million had been moved.

Security firms first flagged unauthorized transactions from the Victoria, Seychelles-based exchange’s hot wallets on Thursday before the company announced it had frozen withdrawals.

Bitget is the sixth biggest crypto exchange, processing over $1 billion in trading volume per day, according to…

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