A $357 million hack of crypto exchange Bitget on Thursday was likely carried out by North Korea-linked hackers, pushing the nation-state’s haul from digital-asset thefts above $1 billion this year, according to analytics firm Elliptic Enterprises Ltd.
The Bitget exploit showed similarities to previous attacks attributed to the Democratic People’s Republic of Korea, including how the stolen crypto was moved and laundered, Elliptic said in a blog post on Friday. Some of the funds were also connected to addresses tied to earlier hacks, including the record-setting $1.5 billion exploit of crypto exchange Bybit last year, Elliptic said.
“Early indications in the laundering patterns and noted onchain overlaps are suggestive…
