Cyberattacks

North Korea Suspected in $351 Million Bitget Crypto Heist

Hot wallet breach hit ETH, XRP, and BNB, with withdrawals paused. Bitget says its $464 million protection fund covers the loss.

By Content Team

Sep 28, 2026

ON THIS PAGE

Cryptocurrency exchange Bitget lost roughly $351.6 million on September 24, the largest known crypto heist of 2026 so far. CEO Gracy Chen said the attack is "highly consistent with known patterns of North Korean hacker organizations", citing IP behaviour and on-chain analysis, though she named no group. TRM Labs attributes about three-quarters of this year's crypto thefts to North Korea.

ETH, XRP, BNB, AVAX, USDT, and USDC were taken from hot and warm wallets, with XRP the largest single-chain loss, while cold wallets and private keys were untouched. Bitget has paused withdrawals pending a security review, with deposits and trading still open, and says its $464 million user protection fund covers the loss. Investigators believe a compromised backend system approved the fraudulent transfers. Mandiant and SlowMist are assisting.

Source: SecurityWeek

Have questions about protecting your software?

Our escrow experts are standing by to help.

Book a free demo

Want more insights like this?