Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M
The attacker who stole about $388 million from the cryptocurrency exchange Bitget gained access through a vulnerability in a third-party security product the exchange used, Bitget said on Monday. The attacker exploited the flaw to obtain high-level internal credentials and then, on September 24, used them to send fraudulent withdrawal commands to Bitget's wallet system. Exchanges keep most
What happened
The attacker who stole about $388 million from the cryptocurrency exchange Bitget gained access through a vulnerability in a third-party security product the exchange used, Bitget said on Monday. The attacker exploited the flaw to obtain high-level internal credentials and then, on September 24, used them to send fraudulent withdrawal commands to Bitget's wallet system. Exchanges keep most
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1 reports · 1 original report · 1 independent
- The Hacker NewsPrimary source · Supports · EN · 100%Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M ↗
Claims
- Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M Observed
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Timeline
- First reported
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