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

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Crypto exchange Bitget suffered a $387 million theft attributed by analytics firm Chainalysis to North Korean-linked hackers. This attack brings the total value of crypto stolen by DPRK-affiliated actors this year above $1 billion. The attackers used a cross-chain swap mechanism to convert stolen XRP into Bitcoin, moving the funds away from exchanges. DeFi protocols Drift and KelpDAO are mentioned in connection with the investigation.

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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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