Bitget Security Breach: $387M Stolen in Sophisticated Attack

An unauthorized attacker exploited Bitget's internal transfer system to drain $387.5 million from hot and warm wallets, with CEO Gracy Chen pointing to North Korean-linked actors.

The top 3

  1. Method of Attack: Faked Internal Transfers: The hacker bypassed security by mimicking internal API protocols to move funds directly out of the exchange's warm wallets.
  2. Attribution: Fingerprints Point to Pyongyang: Blockchain forensic analysis indicates wallet addresses and transaction patterns align with the Lazarus Group, a notorious state-sponsored hacking collective.
  3. Exchange Response: CEO Gracy Chen's Statement: CEO Gracy Chen confirmed the breach while emphasizing that the firm is working with global law enforcement to track the stolen assets. Gracy Chen

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