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North Korean hackers suspected in $351M crypto theft, the largest so far this year

TechCrunch
1 min read Rewritten in plain language

CryptoSecurityCrypto ExchangeCyberattackCybersecurity

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  • North Korean hackers are suspected of stealing more than $351 million from the servers of cryptocurrency exchange Bitget during a cyberattack on Thursday.
  • In a series of posts on X on Thursday and Friday, Bitget said the breach involved the unauthorized transfer of crypto from its hot wallets, which are connected to the internet and designed to be used for active trading.
  • Chen did not say when Bitget’s withdrawals would open again.

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North Korean hackers are suspected of stealing more than $351 million from the servers of cryptocurrency exchange Bitget during a cyberattack on Thursday.

The cyberattack is the latest in an ongoing spate of high-profile hacks targeting the crypto sector.

In a series of posts on X on Thursday and Friday, Bitget said the breach involved the unauthorized transfer of crypto from its hot wallets, which are connected to the internet and designed to be used for active trading. Bitget has since suspended crypto withdrawals on its network.

Chen did not say when Bitget’s withdrawals would open again.

Shortened to 1 minute of reading, this version reads 7.2 on the Niral Score.

You are reading our version, not theirs. This is TechCrunch's report shortened to its most important sentences, in plainer words, with verdicts and loaded words taken out. Plain description stays, and so do adjectives that carry a fact, such as "former" or "federal". The reporting, the facts and the quotations are theirs — quotations are never edited — and the indicators beside it measure this version. Hover or tap Adjectives to see every one left in the text.

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TechCrunchas they published this story 10.1 6 53 -0.4 47.7
Mundane Readneutralized from TechCrunch 10.1 6 53 -0.4 47.7

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