Crypto exchange Bitget reports a major theft after hackers exploit its systems, with losses cited by multiple outlets at roughly $350 million to $388 million. Bitget says it detects unauthorized transfers around Sept. 24 and that it freezes some attacker-linked wallet addresses. Several reports describe the breach as involving misuse of wallet or internal transfer processes, including cases where fraudulent withdrawals or transfer requests appear legitimate.
Across outlets, attribution to North Korea is presented as likely or suspected based on “fingerprints” and blockchain analytics. Bloomberg and others cite analytics firms such as Elliptic and Chainalysis, which link the activity to North Korea-linked theft operations and estimate the country’s crypto-haul from digital-asset thefts surpasses $1 billion this year. Other outlets report Bitget’s CEO says a third-party security vulnerability was exploited, and that some assets are frozen while Bitget has not fully disclosed recovery figures or the complete mechanism.
The main differences are the exact loss figures and the level of technical detail released. While reporting generally aligns on the scale of the breach and freezing actions, some outlets focus on Bitget’s internal explanation, others emphasize third-party vulnerabilities, and others highlight AI and blockchain tracing efforts that support the North Korea suspicion.
