Bitget CEO says $388M hack exploited third-party security vulnerability
60-second summary
Bitget’s CEO confirms a $388 million hack exploited a third‑party security flaw, leaving thousands of user funds compromised; while some stolen assets are frozen, the exchange has not revealed recovery totals as investigators probe a potential North Korean connection, prompting heightened scrutiny of custodial platforms and likely tightening of industry security standards.
Some stolen assets have been frozen, but Bitget has yet to disclose how much has been recovered as investigators continue to assess a possible North Korea link.