Cryptocurrency exchange Bitget has disclosed that attackers took $351.6 million from its hot and warm wallets. These are wallets that stay connected to the platform's systems for day-to-day operations. The company links the theft to North Korean hackers.

Bitget spotted the breach on Thursday evening, when its security systems flagged several unauthorized transfers from a small number of crypto wallets. It has paused all withdrawals while it investigates. Law enforcement agencies, on-chain security institutions, and experts from Mandiant and SlowMist are assisting with the investigation.

Cold wallets and customer balances untouched

The exchange says the damage is limited to part of its infrastructure. Its cold wallets, which are kept offline, were not affected. According to the company, most of the assets on the platform are also safe.

Read More