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Wire · regulatory

Crypto CEO accuses North Korea of stealing $387 million from Bitget platform

25 September 2026 · By · Wire by Fusion42

Published

25 September 2026

Topic

regulatory

◆ Sectors

Crypto & Web3

◆ Geography

Singapore

◆ Source

Read at therecord.media →

◆ Verified

Fusion42 · 26 September 2026 · Fusion42 review

Bitget, a Singapore-based crypto exchange, suffered a $387 million theft linked to North Korean hackers exploiting backend wallet vulnerabilities. The company is using a $464 million user protection fund to cover losses and cooperating with security firms and authorities for recovery.

This Wire brief sits within Fusion42's coverage of Crypto & Web3, and 7 sources have reported it between 25 Sep 2026 and 26 Sep 2026.

◆ ◆ The Wire takeaway

You face immediate risk from state-linked hackers exploiting crypto platform weaknesses; secure backend wallet services now and prepare for stricter regulatory scrutiny on security failures.

◆ Coverage

7 sources · first reported 25 Sep 2026 · latest 26 Sep 2026

◆ Related on Wire

◆ Topics

Crypto & Web3crypto-theftnorth-koreacybersecuritycryptocurrencyexchange-breach