Bitget Lost $387.5 Million Without Touching a Key: The Backend That Tricked Its Own Approval System
Bitget reopened Bitcoin withdrawals after North Korean-linked attackers drained $387.5 million from its wallets last week. The breach never touched a private key. It went through the exchange’s own authorization pipeline. The exchange paused all withdrawals on Thursday, September 24, after monitoring flagged unauthorized transfers leaving a small number of wallets. CEO Gracy Chen said…