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Hacking & intrusion

Bitget Loses About $387.5 Million in Attack on Security Product Vulnerability

First reported · Last reported · 28 related reports

Bitget lost about $387.5 million in crypto assets from its hot and warm wallets in an attack exploiting a zero-day vulnerability in a third-party security product. The company halted withdrawals and began an investigation, and said it would resume withdrawals from September 28. It explained that customer account balances and cold wallets were unaffected and that the losses would be covered by its protection fund.

Key facts

Affected organization
Bitget
Incident type
Hacking & intrusion
Occurred / detected
Not confirmed
Scale of damage
About $387.5 million in crypto assets
Cause / method
Breach of hot and warm wallets through a zero-day vulnerability in a third-party security product
Location
Seychelles

If your data was exposed

Exposed dataCrypto assets

  1. Check login and withdrawal history in your exchange app, and turn on withdrawal address whitelisting and withdrawal delays.

Timeline

  1. Bitget confirmed the hack and halted withdrawals, and Bybit moved to help trace the stolen funds.
  2. The damage was revised up to $387.5 million, and Circle and Tether moved to freeze the hacker's wallets.
  3. Bitget said it would resume withdrawals from September 28.
  4. An attack through a zero-day vulnerability in a third-party security product was identified as the hacking method.
  5. Bitget explained that customer account balances and cold wallets were unaffected and that its protection fund would cover the losses.

28 related reports

The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organization’s official statements for accurate details.