GoKawiil
Tech News
Binance, the world's largest cryptocurrency exchange, has disclosed a security breach estimated at $6.3bn, which would make it the largest crypto hack on record. Co-CEO Richard Teng said the company is cooperating with authorities to investigate the incident and has committed to covering all customer losses.
Bitget disclosed that attackers who stole $387.5 million from its hot and warm wallets last week gained access by exploiting zero-day vulnerabilities in two third-party security appliances. Investigations by SlowMist and Mandiant found the attackers planted a web shell and malware, moved laterally to Bitget's production wallet job server, and used a custom withdrawal tool to execute transfers over roughly three hours starting September 24-25. Bitget had suspended withdrawals after detecting the unauthorized transfers.
Crypto exchange Bitget disclosed a $388 million security breach and said it is 'very likely' the work of North Korean hackers. The company stated that user private keys were not compromised and that a bitcoin-backed protection fund will cover the losses, while withdrawals remain frozen pending an investigation.