Bitget CEO Gracy Chen says she suspects North Korean attackers exploited a backend system used to process wallet transactions to drain $387M from the platform (Camila Grigera Naón/Fortune)

Bitget’s CEO Gracy Chen confirmed that North Korean attackers exploited a backend wallet-processing system to drain $387 million from the exchange. The breach occurred during a Thursday night security incident that exposed vulnerabilities in Bitget’s transaction infrastructure. The company is investigating the attack and assessing the impact on user funds.