Hackers steal $351.6 million in Bitget crypto exchange hack
Suspected North Korean hackers stole $351.6 million from Bitget hot and warm wallets.
Cryptocurrency exchange Bitget said suspected North Korean hackers stole about $351.6 million from hot and warm wallets after compromising a backend wallet system, spoofing transaction data, and triggering authorization signing. Affected networks included Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base, with assets including ETH, XRP, BNB, AVAX, USDT, and USDC. Cold wallets and the separate self-custodial Bitget Wallet were unaffected, withdrawals were suspended, and Bitget said its User Protection Fund, holding 5,500 BTC worth about $464 million, will cover losses. Mandiant and SlowMist are assisting, and some hacker wallet addresses have been frozen.
- About $351.6 million was taken from hot and warm wallets.
- A backend compromise spoofed data and triggered authorization signing.
- Cold wallets and the separate Bitget Wallet were unaffected.
- A protection fund holding about $464 million will cover losses.
- Bitget says the method matches known North Korean hacker patterns.
- Products
- Bitget ExchangeBitget Wallet
- Threat actors
- North Korean hackers
- Victims
- Bitget
- Countries
- North Korea
From the original article
2 min read at bleepingcomputer.com
Cryptocurrency exchange Bitget disclosed today that suspected North Korean hackers have stolen $351. 6 million from its hot and warm wallets. [...]
By Sergiu Gatlan · bleepingcomputer.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.