Tag: unauthorized transfers

Bitget Breach Exposes Third-Party Security Risk After $387.5m Wallet Hack

A whopping $387.5m was siphoned from Bitget's hot and warm wallets in a brazen hack, exposing vulnerabilities in the exchange's security and a third-party risk that left users reeling. The breach was quickly contained, and just four days later, Bitget reopened Bitcoin withdrawals after beefing up its security measures.