Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M

Raghib Awan

Sep 30, 2026 - 02:30

Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M

The attacker who stole about $388 million from the cryptocurrency exchange Bitget gained access through a vulnerability in a third-party security product the exchange used, Bitget said on Monday. The attacker exploited the flaw to obtain high-level internal credentials and then, on September 24, used them to send fraudulent withdrawal commands to Bitget's wallet system. Exchanges keep most

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Raghib Awan Raghib Awan is an Information Security and Technology professional with expertise spanning cybersecurity, cloud security, IT infrastructure, information risk, regulatory compliance, and enterprise security. He is also an author at TeQManch, a technology and cybersecurity news platform covering cyber threats, artificial intelligence, BFSI technology, data privacy, digital risk, and emerging technology trends.