North Korean hackers suspected in $351M crypto theft, the largest so far this year

“North Korean hacker groups are suspected of stealing more than $351 million from Bitget’s hot wallets, marking the largest crypto theft of 2026. The breach highlights the vulnerability of hot wallets and the growing threat from state-sponsored actors targeting the crypto sector. Bitget’s $464 million user protection fund should cover the losses, but the incident raises questions about regulatory oversight and the need for stronger security protocols in exchanges. Expert Analysis: This attack signals a shift toward more sophisticated, state-backed crypto heists, prompting U.S. regulators to scrutinize cross-border crypto transactions and potentially tighten AML/KYC requirements for exchanges operating in the U.S. market.”