Crypto exchange Bitget suspects North Korean hackers may be behind a security breach that affected about $351.6 million in digital assets, citing preliminary evidence from an ongoing investigation.

Bitget CEO Gracy Chen said investigators identified internet protocol addresses linked to VPN services previously used by a North Korean hacking group. The pattern of the attack also resembled earlier operations attributed to the country, she said in a livestream on X earlier today.

Chen said the specific intrusion method used to enter Bitget’s systems remain under technical investigation.

Bitget detected unauthorized transfers from some wallets Thursday afternoon stateside, involving 19 transfers from parts of its hot and warm wallet…