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Bitget $350M Hack
Crypto exchange Bitget suffered a $350 million hack that the company says bears hallmarks of North Korean cybercriminal methods. The incident continues a pattern of major crypto thefts linked to North Korean state actors.
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## Overview
Crypto exchange Bitget was hit by a $350 million hack, with the company stating the attack methods were 'highly consistent' with those used by North Korean criminal groups (FT, September 25).
## Why it matters
The incident adds to a growing pattern of large-scale cryptocurrency thefts attributed to North Korean state-linked hacking operations, which have become a major source of funding and a persistent threat to crypto exchange security.
## Open questions
Further details on the exact attack vector, fund recovery efforts, and formal attribution from law enforcement are likely to develop.