Bitget: DPRK Hackers Hit Multi-Chain Hot Wallets
Bitget hot wallet hack drains ETH, XRP and altcoins across seven chains; cold storage safe, $464M+ fund covers users amid DPRK Lazarus group attribution.
SourceAnalysis
Bitget confirmed a hot wallet breach one hour into its three-hour live stream, hitting ETH, XRP (largest single-chain loss), BNB, AVAX, USDT and USDC on Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC and Base. Cold wallets remain untouched while foundations have already frozen several attacker addresses. On-chain signatures align with DPRK Lazarus group tactics seen in the Bitget hot wallet hack DPRK Lazarus group and broader history of crypto exchange multi-chain hacks and asset freezes. The exchange holds over $1 billion in proprietary assets plus a $464M+ verifiable Protection Fund, ensuring 1:1 user coverage; Bitget Wallet infrastructure stayed isolated and unaffected.
Gracy Chen @Bitget
@GracyBitgetFormer TV host turned #BGB hodler| World traveler ✈| CEO at @bitgetglobal🫡 | Writing daily #crypto insights with tips on personal growth and finance ✍️