Crypto CEO accuses North Korea of stealing $387 million from Bitget platform
ID: 5f5257da-61cd-5954-bb21-e6f4a58490c4
STIX ID: report--5f5257da-61cd-5954-bb21-e6f4a58490c4
Feed Name: The Record from Recorded Future News
Threat Score
Bitget reported a breach of its wallet backend that resulted in about $387.5M in cryptocurrency being stolen; withdrawals were suspended, the company engaged Mandiant and SlowMist, and losses will be covered from a User Protection Fund while a bounty program incentivizes freezing/recovering attacker funds. On-chain analysis, IP addresses and behavioral signatures linked the theft to North Korean-associated Lazarus Group, and law enforcement and other platforms have been notified.
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