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XRP, Bitcoin, and North Korean Link

XRP, Bitcoin, and North Korean Link

Hacker draining a safe with malware, illustrating ATM jackpotting. Photo by BeInCrypto
Hacker draining a safe with malware, illustrating ATM jackpotting. Photo by BeInCrypto

Chainalysis has attributed the $387 million Bitget theft to North Korean hackers. The firm said the attack lifts the value of crypto stolen by DPRK-linked actors this year above $1 billion.

North Korean attackers reportedly used a cross-chain swap to convert stolen XRP into Bitcoin and kept the tokens away from exchanges.

Drift, KelpDAO and Now Bitget

Bitget joins 2 April attacks that firms had already tied to North Korea. Hackers drained $285 million from Drift Protocol on April 1. Drift said the operation involved months of social engineering, including in-person meetings.

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