Bitget’s $351.6M security incident is getting more serious
Bitget says attackers compromised a critical backend system in its wallet infrastructure and used it to spoof transaction data and trigger the authorization process
The exchange says private keys were not compromised and cold wallets remain secure
The affected funds came from hot and warm wallets across multiple networks including ETH XRP BNB AVAX USDT and USDC
Bitget has linked the attack method to patterns associated with North Korean hacking groups but the investigation is still ongoing
Withdrawals remain suspended while Bitget completes security checks
The exchange says its $464M+ User Protection Fund fully covers the reported loss and customer balances remain accurate
The big question now is not just who stole the funds but when withdrawals will fully reopen and what the final investigation reveals
Bitget says attackers compromised a critical backend system in its wallet infrastructure and used it to spoof transaction data and trigger the authorization process
The exchange says private keys were not compromised and cold wallets remain secure
The affected funds came from hot and warm wallets across multiple networks including ETH XRP BNB AVAX USDT and USDC
Bitget has linked the attack method to patterns associated with North Korean hacking groups but the investigation is still ongoing
Withdrawals remain suspended while Bitget completes security checks
The exchange says its $464M+ User Protection Fund fully covers the reported loss and customer balances remain accurate
The big question now is not just who stole the funds but when withdrawals will fully reopen and what the final investigation reveals
