North Korea · Ethereum · South Korea · Decrypt
Chainalysis Leveraged AI to Trace the $387 million Bitget Hack Back to North Korea
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
★ Tier-1 Source
Blockchain analytics firm Chainalysis has pinned last month's $387 million Bitget exchange hack on North Korea, adding its weight to a growing consensus that Pyongyang's hackers were behind one of the year's largest crypto thefts.
Key facts
- In a report published Wednesday, Chainalysis attributed the Sept
- Notably, Chainalysis said it leaned on in-house AI to keep pace, building custom automation that compressed what it estimated as more than 20 hours of manual bridge reconciliation into under 10
- Blockchain analytics firm Chainalysis has pinned last month's $387 million Bitget exchange hack on North Korea, adding its weight to a growing consensus that Pyongyang's hackers were behind one
- Circle and Tether, meanwhile, froze roughly $318,000 in stablecoins
Summary
Chainalysis attributed the $387 million Bitget hack to North Korea-linked actors, saying it pushed Pyongyang's 2026 crypto theft total past $1 billion. Within three hours, the funds moved across 23 transfers onto Ethereum (49.7%), XRP (40.8%), Zcash (7.6%) and Tron (1.8%). The firm said it used in-house AI to accelerate tracing—compressing 20+ hours of work into minutes—echoing earlier DPRK assessments from Bitget's CEO and Elliptic. In a report published Wednesday, Chainalysis attributed the Sept. 24 breach to actors tied to the Democratic People's Republic of Korea, saying the heist pushed the total value of crypto stolen by North Korea-linked groups in 2026 past $1 billion.