Bitget Hack Losses Hit $387.5M

Bitget confirmed a $387.5 million breach detected on September 24, after attackers spoofed transaction data to trigger legitimate-looking transfer approvals from hot and warm wallets, not by stealing private keys. The haul includes roughly 103 million XRP worth $157 million. CEO Gracy Chen says IP addresses and on-chain patterns match techniques used by North Korea's state-linked hackers.