#HackerAlert
đš Bitget suffers $351.6 million hack â user funds safe
Crypto exchange Bitget reported a breach of its hot and warm wallets that occurred on September 24 at 18:31 UTC. Attackers infiltrated the wallet infrastructure's backend system, manipulated transaction data, and bypassed the authorization process.
đŻ Key details of the incident:
âĄïž Scale of loss: Approximately $351.6 million was stolen. However, cold walletsâwhere the vast majority of assets are storedâremained completely unaffected.
âĄïž Fund security: Exchange CEO Gracy Chen assured that the losses are fully covered by the Bitget User Protection Fund, which currently stands at over $464 million. Client balances will remain intact, although withdrawals have been temporarily suspended.
âĄïž Cause: Private keys were not stolen; the issue stemmed from a compromised backend system. The vulnerability has already been contained.
âĄïž Perpetrators: On-chain analysts (including Specter and Conor Grogan) point to the involvement of the North Korean Lazarus Group.
â ïž The exchange promises to publish a detailed report containing a technical analysis and measures to prevent similar attacks within 24 hours.
đš Bitget suffers $351.6 million hack â user funds safe
Crypto exchange Bitget reported a breach of its hot and warm wallets that occurred on September 24 at 18:31 UTC. Attackers infiltrated the wallet infrastructure's backend system, manipulated transaction data, and bypassed the authorization process.
đŻ Key details of the incident:
âĄïž Scale of loss: Approximately $351.6 million was stolen. However, cold walletsâwhere the vast majority of assets are storedâremained completely unaffected.
âĄïž Fund security: Exchange CEO Gracy Chen assured that the losses are fully covered by the Bitget User Protection Fund, which currently stands at over $464 million. Client balances will remain intact, although withdrawals have been temporarily suspended.
âĄïž Cause: Private keys were not stolen; the issue stemmed from a compromised backend system. The vulnerability has already been contained.
âĄïž Perpetrators: On-chain analysts (including Specter and Conor Grogan) point to the involvement of the North Korean Lazarus Group.
â ïž The exchange promises to publish a detailed report containing a technical analysis and measures to prevent similar attacks within 24 hours.
