Bitget CEO Says IP Evidence Points to North Korea in $352M Hack

WHY IT MATTERS

When a cryptocurrency exchange gets hacked, it means someone found a way to steal digital assets stored or managed by that platform — similar to a bank robbery, but digital. A $352 million theft is one of the larger hacks in crypto history. The suggestion that North Korea may be involved is significant because government-backed hacking groups have different motivations and capabilities than ordinary cybercriminals. For anyone holding funds on an exchange, incidents like this highlight a core concept in crypto: when your assets are on an exchange, you are trusting that company to keep them safe, unlike holding crypto in your own personal wallet where you control the keys directly.