A massive disaster has recently occurred in the world of cryptocurrency. Crypto assets worth almost 351.6 million dollars were stolen from the popular exchange Bitget!
But the most astonishing part is this—without stealing Bitget’s main wallet ‘private key’ or secret key, the hackers managed to complete this huge theft.
So how was the hacking possible without the key?
In technical terms, this is called ‘Transaction Data Spoofing’. In simple words, the hackers broke into Bitget’s internal backend system and created fake payment requests. Bitget’s automated verification system treats those fake requests as real, approves them, and continues to send funds to the hackers’ accounts.
However, the good news is that Bitget’s private keys and the offline ‘cold wallet’ are fully secured. They immediately identified the malicious backend route
But the most astonishing part is this—without stealing Bitget’s main wallet ‘private key’ or secret key, the hackers managed to complete this huge theft.
So how was the hacking possible without the key?
In technical terms, this is called ‘Transaction Data Spoofing’. In simple words, the hackers broke into Bitget’s internal backend system and created fake payment requests. Bitget’s automated verification system treats those fake requests as real, approves them, and continues to send funds to the hackers’ accounts.
However, the good news is that Bitget’s private keys and the offline ‘cold wallet’ are fully secured. They immediately identified the malicious backend route