Bitget Reports $388 Million Hack Due to Third-Party Vulnerability

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency exchange Bitget reported a security breach resulting in approximately $388 million in losses. The breach was attributed to a vulnerability within a third-party security service, and a potential link to North Korea is being investigated.

Key facts

• Cryptocurrency exchange Bitget has reported a security incident.
• The incident resulted in the loss of approximately $388 million.
• The hack exploited a vulnerability within a third-party security service.
• Some stolen assets have reportedly been frozen.
• A potential link to North Korea is being investigated.