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breaches incidents
Bitget Says Attacker Exploited Third-Party Security Product Flaw to Steal $388M
Bitget reported that attackers stole approximately $388 million from the cryptocurrency exchange by exploiting a vulnerability in a third-party security product. The attackers used the flaw to acquire privileged internal credentials, then issued fraudulent withdrawal commands to Bitget's wallet system on September 24.
Why it matters: Cryptocurrency exchange operators and any organization relying on third-party security tools must urgently audit their security product deployments for similar flaws and credential exposure risks.
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