Bitget Attacker Bypassed Risk Controls Before $388M Exploit
Two small test transfers triggered no alerts before the attacker exploited a third-party security product's zero-day to issue fraudulent withdrawals.
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Two small test transfers triggered no alerts before the attacker exploited a third-party security product's zero-day to issue fraudulent withdrawals.
Bitget says its $464M-plus protection fund covers the loss, but withdrawals remain paused while the exchange reviews security and works to confirm a restart timeline.
Bitget says its user protection fund exceeds $464 million, a reserve it says is sufficient to cover the loss after the hot-wallet transfers.
Withdrawals remain paused while Bitget investigates, but the exchange says its $464M-plus protection fund covers the loss and customer balances remain accurate.
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