ITG

The crypto exchange Bitget has reportedly been hit by a hack worth roughly $388 million, with investigators assessing that North Korea is likely behind the theft. The alleged link to North Korean state-backed hackers has drawn attention given the regime's history of targeting cryptocurrency platforms to fund its activities, and the scale of the loss ranks it among the larger exchange breaches in recent years.

Roughly $183 million in crypto has reportedly disappeared from a Bitget exchange wallet, prompting fears among users that the exchange has been hacked. Traders are watching Bitget's response closely, with theDecrypt report circulating widely in crypto circles as users demand clarity on whether funds were moved for security reasons or stolen.

Crypto exchange Bitget has suffered a major security breach in which roughly $387.5 million was stolen. Attackers exploited zero-day vulnerabilities in two third-party security appliances to access hot and warm wallets holding ETH, XRP, BNB, AVAX, USDT and USDC. Security researchers are urging organisations to suspend similar systems and monitor vendor advisories, warning the exploited flaws could affect other users of the same appliances.