Crypto Exchange Bitget Pauses Withdrawals After $350 Million Hack
Bitget suspended withdrawals following a $350 million theft that pushed North Korea's reported cryptocurrency haul past $1 billion.
Cryptocurrency exchange Bitget has paused customer withdrawals following a cyberattack in which $350 million was stolen, Reuters reported, after the platform halted its withdrawal systems.
According to Bloomberg, the attack on Bitget has pushed the total volume of cryptocurrency attributed to North Korean state-backed hackers past the $1 billion milestone.
Full technical details regarding how the breach occurred and when withdrawals will resume have not yet been disclosed.
Sources: reuters.com, Bloomberg.com
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