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Bitget loses $387.5M in zero-day breach of third-party security tools

Bitget disclosed that a $387.5 million theft last week resulted from a zero-day exploit in third-party security products, marking a significant compromise of exchange defenses. The attack underscores systemic risk in crypto custody and third-party supply chains; recovery and regulatory fallout remain uncertain.

BleepingComputerabout 9 hours agoUS, SGengCredibility 17%View source

Score Breakdown

Mosaic Score7.0

Model confidence0.7

Significance0.8

Source credibility0.2

Intelligence Tags

#cryptocurrency #exchange #zero-day #supply-chain #theft #cybersecurity

Locations

Singapore

Entities

countryconcept

Source

Part of a situation

developingCyber9h ago

Bitget Suffers ~$388M Theft via Third-Party Zero-Day Exploit

Bitget confirmed a ~$388M theft resulting from a zero-day exploit in third-party security products, not a private-key compromise. Withdrawals are suspended as the platform tracks fund movements, marking the largest crypto heist of the year. The incident highlights systemic risks in crypto custody and third-party supply chains.

→ stable·↑2 signals·US, SGScore 4.9