Analysis · Security & Hacks
Chainalysis deployed in-house AI to compress 20 hours of manual cross-chain tracing into under 10 minutes, following funds across seven blockchains after the massive September 24 exchange breach.
Key point 1 of 3
01
Attackers stole $387 million from Bitget on Sept. 24, 2026, by manipulating a backend system to approve unauthorized hot and warm wallet transfers.
Key point 2 of 3
02
Chainalysis used in-house AI to compress over 20 hours of manual cross-chain bridge reconciliation into under 10 minutes to trace the stolen funds.
Key point 3 of 3
03
On-chain links to previous Bybit and AFX Bridge hacks strongly suggest the involvement of North Korean threat actors, pushing DPRK's 2026 haul past $1 billion.
Context
The Bitget exploit occurred on Sept. 24, 2026, targeting hot and warm wallets across seven blockchains.
Why it matters
Bitget users are protected by the exchange's $464 million User Protection Fund, which covers the loss.
What to watch
The industry is waiting for Bitget's promised final incident report to confirm the exact compromise vector, as well as Chainalysis's upcoming investigative technology showcase on…
Sources
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