Singaporean crypto platform Bitget said hackers stole more than $387 million from its exchange after suffering a breach on Thursday.

The company’s CEO, Gracy Chen, held a town hall after the incident and said evidence linked the theft to hackers from North Korea — which has stolen billions from other cryptocurrency platforms over the last five years.

Blockchain security firms initially saw more than $175 million leave the platform on Thursday before larger chunks were stolen from Bitget. Chen said the company’s security team initially detected unauthorized transfers and immediately activated emergency protocols. 

She confirmed that the initial estimate of the losses amounts to $387.5 million. She noted that the company has a…