North Korean hackers suspected in $351M crypto theft, the most important to date this yr

North Korean hackers are suspected of stealing greater than $351 million from the servers of cryptocurrency change Bitget throughout a cyberattack on Thursday.

The cyberattack is the most recent in an ongoing spate of excessive profile hacks concentrating on the crypto sector. It’s additionally the most important recognized heist of digital foreign money this yr, eclipsing a $340 million hack in September that noticed the hacker returning all however $47 million of the stolen funds.

In a collection of posts on X on Thursday and Friday, Bitget mentioned the breach concerned the unauthorized switch of crypto from its sizzling wallets, that are related to the web and designed for use for lively buying and selling. Bitget has since suspended crypto withdrawals on its community. The firm said it has $464 million in its consumer safety fund, which ought to cowl the prices of the theft.

Bitget chief government Gracy Chen said the breach and heist was “extremely per recognized patterns of North Korean hacker organizations.” Such collectives have been linked to crypto thefts and have been suspected of concentrating on open-source software program to mass-hack victims with the purpose of funding the nation’s nuclear weapons program.

According to blockchain intelligence agency TRM Labs, North Korea is behind around three-quarters of all crypto thefts throughout 2026 up to now.

Chen didn’t say when Bitget’s withdrawals would open once more.