Bitget CEO suspects North Korea behind $352M hack, citing IP clues
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Bitget CEO Gracy Chen said North Korean hackers may be behind the exchange's $351.6 million security breach on Thursday, after investigators found IP addresses matching VPN services used by a DPRK group. Chen said the pattern resembled previous North Korean attacks and ruled out an inside job; hackers transferred funds directly without forging user withdrawal requests or obtaining wallet private keys. North Korean hackers were linked to an estimated $2.02 billion in crypto theft in 2025, including the roughly $1.5 billion Bybit hack.
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