Chainalysis Used AI to Trace $387M Bitget Hack to North Korea

A $387 million hack at Bitget traced to North Korea

Chainalysis, a company that tracks financial activity on blockchain networks (public records of crypto transactions), says it used artificial intelligence to trace a $387 million hack on the Bitget cryptocurrency exchange back to North Korean actors. The report was published on October 3, 2026.

A cryptocurrency exchange is an online platform where people can buy, sell, and trade digital assets. Bitget is one of these platforms.

What the report states

• Chainalysis used AI tools to conduct the tracing.
• The hack took place on the Bitget exchange.
• The amount involved was $387 million.
• The group responsible was linked to North Korea.

What is confirmed

The title of the report confirms that Chainalysis carried out the tracing and that it used AI technology to connect the stolen funds from the Bitget hack to North Korean actors.

What is still unclear

The full article body was not available in the supplied source material, so additional details such as when the hack occurred, what types of digital assets were stolen, what tracing methodology was applied, whether any funds were recovered, and whether Chainalysis or any other organization has released a full report are not confirmed from the provided material.

Why it matters

North Korean actors have been linked to multiple large-scale crypto thefts in the past, according to blockchain analysis firms. When a group is tied to a state actor, it can increase the difficulty of recovering stolen funds because international sanctions and law enforcement channels may complicate any recovery efforts. The use of AI in the tracing process is also noteworthy, as it suggests that analysis tools are becoming more sophisticated at connecting complex on-chain movements to their origins.

Sources

• Decrypt