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Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist

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Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist

Bitget resumed Bitcoin withdrawals following a breach attributed to North Korean hackers that resulted in the theft of over $350 million in cryptocurrency. The exchange had suspended withdrawals as a precautionary measure after the attack was discovered.

Why it matters: Cryptocurrency exchange operators and their users face direct exposure to nation-state cyber theft; practitioners managing exchanges or custodial platforms should review incident response procedures and fund segregation controls in response to this breach.

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