Chainalysis attributes 387 million dollar Bitget crypto hack to North Korea

Blockchain analytics firm Chainalysis has attributed a 387 million dollar cryptocurrency theft from the Bitget exchange to hackers linked to North Korea, Decrypt and BeInCrypto both report. Decrypt reported that the cyberattack occurred on September 24. According to both Decrypt and BeInCrypto, this heist pushed the total value of cryptocurrency stolen by actors linked to North Korea in 2026 past 1 billion dollars. [1][6]

Chainalysis used in-house artificial intelligence software to trace the stolen assets across four separate blockchains, Decrypt reported. Crypto News reported that the artificial intelligence system traced the funds in under 10 minutes, while CryptoRank reported that investigators tracked 23 separate transfers before linking the breach to actors tied to the Democratic People's Republic of Korea. [1][10][12]

BeInCrypto reported that the attackers executed a cross-chain swap to convert stolen XRP tokens into Bitcoin. Decrypt reported that Chainalysis collaborated with Bitget and law enforcement authorities to follow the stolen funds. Bitget is a cryptocurrency exchange that was established in 2018. Decrypt noted that Chainalysis published its findings on Wednesday, confirming that Pyongyang hackers executed one of the largest cryptocurrency thefts of the year. [1][6][14]