Bitget loses $388M after DPRK hack; was Coinbase hacked too?

Homepage > News > Business > Bitget loses $388M after DPRK hack; was Coinbase hacked too? TL;DR: A major Bitget exploit exposes weaknesses in crypto security, with $388 million in assets stolen and much of the haul moved through THORChain. As Bitget works to recover the funds, a separate dispute is unfolding over claims that Coinbase concealed more than $1 billion in hacks. Key Takeaways: Bitget loses $388 million after hack by North Korea’s Lazarus Group THORChain flagged as the crypto criminal getaway car (again) ‘Coinbase was hacked’ claims spark social media fight The Bitget digital asset exchange is recovering from the sector’s latest nine-figure exploit, while Coinbase (NASDAQ: COIN) is denying public claims that it suffered similar hacks without disclosing their impact. On September 24, Bitget announced that its security systems had “identified unauthorized transfers involving a limited number of hot wallets.” Emergency measures were activated, but not before “approximately $351.6 million in assets were affected.” The company temporarily suspended withdrawals but stressed that user funds “remain protected” and that the enormity of the breach nonetheless “falls withi...