North Korea-linked hackers suspected in major Bitget crypto theft

Crypto exchange Bitget was hit by a theft estimated at between $351 million and $390 million, with blockchain analytics firm Elliptic saying the trail points to hackers linked to North Korea. That would make it one of the year’s biggest crypto heists and lift the amount stolen by North Korea-linked groups from digital-asset businesses past $1 billion in 2026, according to Elliptic. The episode is a reminder of the unusual concentration of risk in crypto exchanges: they make trading easy by holding or moving large pools of assets, but that also makes a successful breach far more valuable than an attack on an individual wallet.