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Bitget Backend Breach Drains $387.5 Million as DPRK-Linked Launderers Expose Themselves

Cybersecurity NewsSeptember 28, 20264 min read

Cryptocurrency exchange Bitget has begun restoring withdrawals after attackers exploited its backend wallet infrastructure on September 24, stealing approximately $387.5 million from hot and warm wallets. The incident did not involve stolen private keys, and Bitget said its offline cold wallets and separate self-custodial Bitget Wallet service remained unaffected. Nevertheless, the breach demonstrates how attackers […] The post Bitget Backend Breach Drains $387.5 Million as DPRK-Linked Launderers Expose Themselves appeared first on Cyber Security News.

Cryptocurrency exchange Bitget has begun restoring withdrawals after attackers exploited its backend wallet infrastructure on September 24, stealing approximately $387.5 million from hot and warm wallets. The incident did not involve stolen private keys, and Bitget said its offline cold wallets and separate self-custodial Bitget Wallet service remained unaffected. Nevertheless, the breach demonstrates how attackers can bypass strong key protection by compromising the systems that prepare, validate, and…

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