Bitget loses $387.5 million after third-party security breach
Daily Cyber News: Bitget loses $387.5 million after third-party security breach
Cryptocurrency exchange Bitget lost three hundred eighty seven point five dollars million after attackers reached its wallet environment through third-party security products. Two separate investigations concluded that zero-day weaknesses in two security appliances were used to gain privileged access. The attackers placed a web shell on one appliance, moved laterally into a production wallet job server, and deployed malware along with a custom withdrawal tool.
Key context: The case shows how a security product can become a route into the systems it’s supposed to protect.
For more cybersecurity news and the full Daily Cyber newsletter, visit DailyCyber.News.
Cybersecurity training, courses, books, and resources: BareMetalCyber.com.
Topics: cybersecurity news, cybersecurity, cyber risk, zero-day, malware, Bitget, loses, million, third-party, security.
