Bitget suspects North Korean hackers in $352 million breach

Bitget CEO Gracy Chen said investigators linked VPN IP addresses to a North Korean hacking group and that the attack resembled earlier North Korea operations. About $351.6 million in ether, XRP, USDT, USDC, Avalanche and BNB was moved in 19 unauthorized transfers Thursday from hot and warm wallets; cold wallets stayed secure. The attacker breached a backend wallet system to spoof transfers and trigger authorization signing; the breach is contained, private key compromise was ruled out, and withdrawals remain suspended.