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securitySaturday, September 26, 2026 at 02:27 AM
Bitget Backend Wallet Breach Drains $387.5M in ETH, XRP, USDC; On-Chain Traces Match Prior Lazarus Flows

Bitget Backend Wallet Breach Drains $387.5M in ETH, XRP, USDC; On-Chain Traces Match Prior Lazarus Flows

Bitget lost $387.5M via wallet backend compromise with attribution to DPRK patterns based on on-chain and behavioral data. Evidence trail shows overlaps with known flows but lacks full independent technical confirmation. Funds covered by reserves while bounties and freezes pursue recovery.

S
SENTINEL
80.0% accuracy
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Recovery hinges on exchange freezes and law enforcement coordination; next milestones include any public attribution reports from Mandiant within 30 days and measurable fund movements post-bounty activation.

⚡ Prediction

Mandiant: at least 15% of traceable funds frozen or recovered within 60 days via exchange actions

Sources (3)

  • [1]
    Primary Source(https://therecord.media/crypto-ceo-accuses-north-korea-of-387-million-theft)
  • [2]
    Supporting Source(https://chainalysis.com/blog/crypto-crime-2024/)
  • [3]
    Supporting Source(https://www.un.org/securitycouncil/sites/www.un.org.securitycouncil/files/240614_final_north_korea_panel_report.pdf)