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Bitget Reportedly Suffers $352 Million Hack Linked to North Korea
(41 days ago) · 1 source · Summarized by CryptoBipto
Crypto exchange Bitget has reportedly been hit by a $352 million hack that has been linked to North Korean threat actors. The hack could reportedly drain approximately 76% of the exchange's protection fund, raising questions about the adequacy of exchange reserve mechanisms.
WHY IT MATTERS
Crypto exchanges are platforms where people buy, sell, and store cryptocurrency — similar to a bank or brokerage.
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SOURCES
- cryptoslate.com
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Exchange HacksNorth Korea Cyber ThreatsExchange SecurityUser Fund Protection