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Crypto CEO accuses North Korea of stealing $387 million from Bitget platform
September 25, 2026 · The Record · Severity: MEDIUM
The CEO said the company has a User Protection Fund that has over $464 million and those funds will be used to cover the losses.
Key Takeaways
- A crypto CEO has accused North Korea of stealing $387 million from the exchange, highlighting the continued threat of DPRK-backed cryptocurrency heists.
- North Korean cyber operations continue to target cryptocurrency platforms as a primary revenue source for the regime's weapons programs.
- Cryptocurrency exchanges should implement enhanced security measures including multi-signature wallets, cold storage, and real-time transaction monitoring.