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

Original: North Korea 'Likely' Behind $388M Hack of Crypto Exchange Bitget

Investigators assess that North Korea was very likely responsible for a $388 million hack of the crypto exchange Bitget, one of the largest thefts from a digital asset platform this year. The attribution points to state-backed hackers who have repeatedly targeted exchanges to fund the regime. The scale of the loss is renewing debate over crypto security and sanctions evasion.

Why now: The sheer size of the theft and North Korean state involvement make it a major ongoing security story.

North KoreaBitgetLazarus Group

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