Bitget increased its estimate from $351.6 million to about $387.5 million after tracing stolen assets on Zcash and TRON that the first review missed, across seven networks. The exchange attributes the breach to suspected North Korean actors. Elliptic says the theft pushes North Korea's 2026 crypto haul past $1 billion, with laundering already running through Tornado Cash. CEO Gracy Chen has been consistent that no private key was compromised: attackers broke into a backend wallet system, fed it forged transfer data, and let Bitget's own authorization process approve the payouts. Cold wallets were untouched.
September 26, 2026
Bitget Raises the Loss to $387.5 Million and Names North Korea
Original reporting: The Hacker News ↗