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Bitget suspects North Korean hackers in $351.6M crypto breach, loss covered by $464M protection fund

Market News
25 Sep 2026
CNBC
View Source
Bearish
Bitget suspects North Korean hackers in $351.6M crypto breach, loss covered by $464M protection fund

Crypto exchange Bitget detected unauthorized transfers totaling about $351.6 million from its hot and warm wallets, suspected to be linked to North Korean hackers based on IP addresses and attack patterns. The breach affected multiple cryptocurrencies across several blockchains, but cold wallets remained secure. Bitget's User Protection Fund, holding over $464 million, will cover the loss, and withdrawals are suspended temporarily while systems are repaired. The company assures customer balances are safe and expects withdrawals to resume within days.

Crypto platform Bitget's suspected $351.6 million hack is notable context for digital asset security. For readers following US stocks, here is Pluang's market snapshot as of Sep 25, 2026 12:31 WIB: out of 150 priced US stocks, 72 rose and 73 fell. Notable movers include Li Auto Inc (LI) at USD 11.55 with 91% sell order activity, Baidu Inc (BIDU) at USD 86.46 with 96% buy order activity, and JD.Com Inc (JD) at USD 26.33 with 94% buy order activity.

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