{"id":52064,"date":"2026-09-28T20:59:26","date_gmt":"2026-09-28T20:59:26","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=52064"},"modified":"2026-09-28T20:59:26","modified_gmt":"2026-09-28T20:59:26","slug":"crypto-exchange-bitget-says-hacker-exploited-vulnerabilities-from-third-party-products-to-pull-off-last-weeks-388000000-exploit","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=52064","title":{"rendered":"Crypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week\u2019s $388,000,000 Exploit"},"content":{"rendered":"

\"\"<\/p>\n

The hacker who stole $388 million worth of crypto from Bitget last week \u201cexploited vulnerabilities from third-party products,\u201d according to the exchange\u2019s chief executive.<\/p>\n

Bitget CEO Gracy Chen says the exploiter stole internal credentials and used them to send fraudulent withdrawal commands that bypassed the exchange\u2019s risk controls.<\/p>\n

Chen notes<\/a> that the hack didn\u2019t compromise any private keys or impact any cold wallets, and she says the incident has now been contained.<\/p>\n

\u201cAffected systems were isolated and the vulnerability has been remediated. Relevant servers were isolated to prevent further compromise and preserve forensic evidence. Internal credentials were revoked and reissued, with access to highly sensitive systems restructured. We notified the relevant third-party vendor, shared details of the vulnerability and disabled the affected functionality pending a fix. Mandiant and SlowMist continue to support the independent forensic investigation and asset-tracing efforts.\u201d<\/em><\/p>\n

The CEO also says 100% of user funds are covered with the Bitget Protection Fund<\/a>, a self-funded trove of 5,500 Bitcoin (BTC<\/a>) stored in publicly visible wallets.<\/p>\n

Following the hack last week, Bitget temporarily halted withdrawals. The exchange began a phased resumption<\/a> of withdrawals on Monday, starting with BTC. Ethereum (ETH<\/a>) withdrawals are scheduled to resume on Tuesday, followed by USDT<\/a> on Wednesday and other tokens, fiat currencies and peer-to-peer trades on Friday.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

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The post Crypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week\u2019s $388,000,000 Exploit<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The hacker who stole $388 million worth of crypto from Bitget last week \u201cexploited vulnerabilities from third-party products,\u201d according to the exchange\u2019s chief executive. Bitget CEO Gracy Chen says the exploiter stole internal credentials and used them to send fraudulent withdrawal commands that bypassed the exchange\u2019s risk controls. Chen notes that the hack didn\u2019t compromise […]<\/p>\n","protected":false},"author":1,"featured_media":52065,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-52064","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nCrypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week\u2019s $388,000,000 Exploit - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=52064\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week\u2019s $388,000,000 Exploit - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The hacker who stole $388 million worth of crypto from Bitget last week \u201cexploited vulnerabilities from third-party products,\u201d according to the exchange\u2019s chief executive. 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