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Bitget Hack Update: XRP, Bitcoin, and North Korean Link

Chainalysis has attributed the $387 million Bitget theft to North Korean hackers. The firm said the attack lifts the value of crypto stolen by DPRK-linked actors this year above $1 billion. North Korean attackers reportedly used a cross-chain swap to convert stolen XRP into Bitcoin and kept the tokens away from exchanges.

Kamina BashirBeInCrypto · October 3, 2026 · 1h ago

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  • Chainalysis attributed the $387 million Bitget theft to North Korean actors, saying DPRK-linked crypto thefts this year now exceed $1 billion.
  • The firm counted 23 outbound transfers in three hours across Ethereum, XRP Ledger, Zcash and Tron, with stolen XRP swapped to Bitcoin via a cross-chain protocol.
  • Chainalysis said AI-built automations cut over 20 hours of manual bridge reconciliation to under 10 minutes, with investigators still setting logic and reviewing results.

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