North Korean hackers suspected in $351M crypto theft, the largest so far this year

Bitget experienced a major hot-wallet breach that resulted in the unauthorized transfer of over $351 million in cryptocurrency; the exchange has suspended withdrawals and says its $464 million user protection fund should cover the loss. Bitget and analysts characterize the attack as “highly consistent with known patterns of North Korean hacker organizations,” and TRM Labs attributes a large portion of 2026 crypto thefts to North Korea.