BitGet

Crypto exchange Bitget has reportedly suffered a security breach worth more than $387 million, with suspicion falling on North Korean hacking groups. The incident adds to a pattern of large-scale cryptocurrency thefts attributed to state-backed North Korean hackers, who are estimated to have stolen billions from exchanges in recent years. Attention is turning to the exchange's security practices and how stolen funds may be laundered.

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a plan to restart user withdrawals. The revision makes it one of the larger exchange security breaches in recent years. Traders are watching closely for details on the withdrawal timeline, compensation arrangements and how the exchange intends to cover the shortfall.

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a phased timeline for restoring customer withdrawals. The revised figure makes it one of the larger exchange security breaches, and users are watching closely to see whether the payout schedule holds and how the platform compensates affected accounts.

Crypto exchange Bitget has suffered a security breach with losses reported at $387.5 million, one of the larger incidents to hit the industry. The company says its plans for an initial public offering remain on track despite the attack. Details about how the breach happened and whether customer funds were affected have not been fully disclosed, and observers are watching closely for the exchange's response.

Roughly $183 million disappeared from a Bitget exchange wallet, prompting fears among users that the cryptocurrency exchange may have been hacked. Bitget, a major crypto trading platform, has not been clearly confirmed as breached, but the sudden movement of funds set off alarm across crypto communities as users rushed to assess the safety of their holdings.

Crypto exchange Bitget has increased its estimate of losses from a recent security breach to $387.5 million, while pressing ahead with plans for an initial public offering. The revised figure is drawing attention because it puts the incident among the costlier crypto security failures, even as the company signals confidence by continuing its listing plans.

Four bitcoin stolen in the Bitget exchange hack have been traced moving through Wasabi CoinJoin, a privacy service used to obscure transaction trails. The development shows investigators are following stolen funds after the breach, and highlights ongoing tensions between privacy tools and efforts to track crypto thefts.