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Bitget blames $387 million attack on third-party security flaw
Original: ⚪️ Bitget Links Recent Attack to Vulnerability in Third-Party Security Product 🗨️ Representatives of the Bitget cryptocu
Bitget says a recent cyberattack that resulted in the theft of assets worth $387.5 million was made possible by a vulnerability in a third-party security product. Representatives of the cryptocurrency exchange have disclosed new details about the incident, shifting responsibility away from its own systems and toward an external vendor. The scale of the loss is drawing attention across the crypto industry, with debate expected over vendor security and exchange safeguards.
Why now: The disclosed $387.5 million loss and the blame placed on a third-party security product are fresh developments in a major crypto breach.
Evidence
- ⚪️ Bitget Links Recent Attack to Vulnerability in Third-Party Security Product 🗨️ Representatives of the Bitget cryptocurrency exchange have revealed new details about a recent cyberattack in which attackers stole assets worth $387.5 million. According to the company, the… · hackmag@infosec.exchange · 1
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