North Korea ‘Very Likely’ Behind $388 Million Hack of Crypto Exchange Bitget

Bitget crypto exchange suffered a significant hack resulting in losses between $350 million and $388 million. The company stated that the attack methods were highly consistent with those used by North Korean criminals, making them the very likely perpetrators. Bitget confirmed that private keys were not stolen and a bitcoin-backed protection fund covers the financial loss. Currently, withdrawals remain frozen as the exchange continues its investigation into the security breach to ensure user asset safety.