Geopolitics Alpha

Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect

Published . Updated .

An attacker faked internal transfer requests to drain $387.5 million from Bitget's hot and warm wallets, and the exchange's CEO says the fingerprints look like Pyongyang's.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWY ISHARES MSCI SOUTH KOREA ETF

    GA selected EWY as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • KRWX CORGI ETF TR I SOUTH KOREA 2X

    GA selected KRWX as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • QTPI NORTH SQUARE RCIM TAX-ADVANTAGED PREFERRED AND INCOME SECURITIES ETF

    GA selected QTPI as a RELATED security because its canonical security name directly matches this event's themes: north. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWY———————
KRWX———————
QTPI———————

An attacker faked internal transfer requests to drain $387.5 million from Bitget's hot and warm wallets, and the exchange's CEO says the fingerprints look like Pyongyang's.

Source: Decrypt

How far Ishares Msci South Korea Etf (EWY) has moved since 25 Sep 2026

Since the first closing price after “Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect,” Ishares Msci South Korea Etf (EWY) is -14.76%. The S&P 500 fund (SPY) is +0.15% over the same days, a -14.90% difference versus the market.

EWY
SPY

Who gains and who loses around Ishares Msci South Korea Etf (EWY)

Companies mentioned with this story

  • EWY Ishares Msci South Korea Etf

    In “Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect,” Ishares Msci South Korea Etf (EWY) is linked, with no stored direction, medium confidence. Reason on file: GA selected EWY as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • KRWX Corgi Etf Tr I South Korea 2X

    Corgi Etf Tr I South Korea 2X (KRWX) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect.” Reason on file: GA selected KRWX as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • QTPI North Square Rcim Tax-Advantaged Preferred And Income Securities Etf

    North Square Rcim Tax-Advantaged Preferred And Income Securities Etf (QTPI) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect.” Reason on file: GA selected QTPI as a RELATED security because its canonical security name directly matches this event's themes: north. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Ishares Msci South Korea Etf (EWY)

On 25 Sep 2026, “Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect” is the story that connects Ishares Msci South Korea Etf (EWY) to this story.

For Ishares Msci South Korea Etf (EWY), the reason on file says GA selected EWY as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Corgi Etf Tr I South Korea 2X (KRWX) is here too. Its reason reads: GA selected KRWX as a RELATED security because its canonical security name directly matches this event's themes: korea. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Price levels for Ishares Msci South Korea Etf (EWY)

EWY traded between 149.75 and 192.99 across 20 sessions. The latest close on file is 156.51. KRWX traded between 9.83 and 16.25 across 12 sessions. The latest close on file is 10.77. QTPI traded between 24.59 and 25.40 across 14 sessions. The latest close on file is 24.86.

A simple score for Ishares Msci South Korea Etf (EWY)

27 out of 100

“Bitget Hack Losses Climb to $387M: Here’s What Happened, and Why North Korea Is a Suspect” scores 27 out of 100. The score uses 1 sources, and 3 linked companies.