Bitget

Investigators assess that North Korea's state-linked hackers were 'likely' responsible for a $388 million theft from crypto exchange Bitget, one of the largest digital-asset heists on record. The attack adds to a pattern of North Korean cyber operations targeting exchanges to fund the regime, renewing scrutiny of crypto security and sanctions enforcement.

Roughly $183 million in crypto has reportedly disappeared from a Bitget exchange wallet, prompting alarm among users who worry the exchange has been hacked. The movement of funds is circulating widely on crypto forums and news outlets, with traders questioning the safety of their holdings and awaiting an official explanation from Bitget about whether the transfers were an internal operation or a security breach.

THORChain, the decentralized liquidity network, is facing internal governance dilemmas in the aftermath of a major security breach at the cryptocurrency exchange Bitget. The incident has intensified debate over how decentralized protocols should respond to exchange hacks and manage their own decision-making processes. Commentators are weighing the implications for cross-chain finance and whether THORChain's governance structure is equipped to handle fallout from external security failures.