Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect
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Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Bitget CEO Gracy Chen said a preliminary investigation found IP addresses matching VPN choices associated with a DPRK hacking group.
Crypto hacker losses decreased by 47% year-on-year in the first half of 2026, but the overall security situation has not improved.
According to Foresight News , citing Cointelegraph, total losses from cryptocurrency security incidents in the first half of 2026 amounted to approximately $1.32 billion, a 46.8% decrease year-over-year. However, CertiK warns that this figure is misleading. The data from the same period last year was severely distorted by the massive $1.4 billion theft from Bybit, the largest single hack in history. In reality, attackers are becoming more targeted and destructive. Specifically, phishing attacks resulted in $508.2 million in losses in the first quarter, while losses in the second quarter rose 59% quarter-over-quarter to $807.5 million. Over 70% of these losses came from the KelpDAO and Drift Protocol incidents, both believed to be the work of North Korean state-sponsored hackers. A report from TRM Labs during the same period also indicated that the number of attacks surged from 83 to 207 in the first half of the year, the highest on record, with smart contract vulnerability attacks accounting for 60%. CertiK also points out that private key and multi-signature wallet management remain the most vulnerable security areas that attackers can exploit. He recommends that protocol providers strengthen private key management from multiple levels, including hardware security, multi-signature governance, and geographically dispersed signers.
Asia dominates Crypto Adoption Index, Bitget’s $351M hack: Asia Express
The APAC region accounts for half of the Global Crypto Adoption Index. Bitget suffers massive $351M loss and OpenAI forgets to mention its agents hacked the Australian Government.
North Korean fake recruiters infect 30K devices, steal $10.7M in crypto
North Korean cyber group WaterPlum targeted developers with fake jobs at crypto, AI and NFT companies, infecting at least 30,000 devices across more than 100 countries.
North Korea drives onchain malware surge, CoinEx shuts: Asia Express
North Korea and Iran account for the majority of onchain malware, while Malaysia has been named among the most crypto curious Islamic nations.
North Korea using foreign talent to help infiltrate US companies: Report
The DPRK has turned to third-country IT workers to pass job interviews, after which, the positions are usually taken over by North Korean operatives.