After the Bitget exchange was hacked, CEO Chen Gelei stated that user funds are secure and withdrawals have been suspended. An analysis links this incident to the same modus operandi as the Bybit theft. Approximately $351.6 million was transferred from their hot wallet, and Bitget suspects North Korean hackers. Chen Gelei mentioned that only a small portion of the funds has been frozen or recovered. In February 2025, around $1.5 billion worth of Ethereum was stolen from Bybit, allegedly tied to North Korea's Lazarus Group.