North Korean hackers suspected in more than $351 million Bitget theft

North Korean hackers are suspected of stealing more than $351 million from cryptocurrency exchange Bitget's servers during a Thursday cyberattack. The theft is the largest known digital-currency heist this year. A $340 million hack in September returned all but $47 million of the stolen funds. Bitget said the breach involved the unauthorized transfer of crypto from hot wallets. The wallets are connected to the internet. They are designed for active trading. Bitget suspended crypto withdrawals on its network. The company said its user protection fund contains $464 million. The fund should cover the costs of the theft. Bitget chief executive Gracy Chen said the breach was highly consistent with known patterns of North Korean hacker organizations. Such collectives have been linked to crypto thefts. They have been suspected of targeting open-source software to mass-hack victims to fund North Korea's nuclear weapons program. TRM Labs said North Korea is behind around three-quarters of all crypto thefts during 2026 to date. Chen did not say when Bitget's withdrawals would reopen.