<![CDATA[Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist]]>Bitget has restored Bitcoin withdrawals after a security breach that led to the theft of more than $350 million in crypto assets. The exchange had suspended withdrawals following the incident, which is attributed to suspected North Korean hackers.

The heist is now estimated at approximately $387.5 million. Bitget has not disclosed specific technical details about the intrusion vector, and no CVE identifiers or advisory numbers have been provided in connection with the breach.

Key points:

  • Bitget suspended Bitcoin withdrawals after detecting the breach
  • Losses exceed $350 million, with the total now reported at $387.5 million
  • The attack is linked to suspected North Korean threat actors
  • Bitcoin withdrawals have since been resumed

Source: Unknown

Has your organization reviewed its crypto exchange counterparty risk or withdrawal controls in light of this incident?

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