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Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M

·Source: The Hacker News

Updated:

Executive Summary

The attacker who stole about $388 million from the cryptocurrency exchange Bitget gained access through a vulnerability in a third-party security product the exchange used, Bitget said on Monday. The attacker exploited the flaw to obtain high-level internal credentials and then, on September 24, used them to send fraudulent withdrawal commands to Bitget's wallet system. Exchanges keep most

Analysis

The attacker who stole about $388 million from the cryptocurrency exchange Bitget gained access through a vulnerability in a third-party security product the exchange used, Bitget said on Monday. The attacker exploited the flaw to obtain high-level internal credentials and then, on September 24, used them to send fraudulent withdrawal commands to Bitget's wallet system. Exchanges keep most
Source Attribution

Originally published by The Hacker News on Sep 28, 2026.

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