Bitget resumes Bitcoin withdrawals after $387.5 million crypto heist
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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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