Crypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week’s $388,000,000 Exploit

Bitget CEO Gracy Chen says the hacker who stole $388 million in crypto last week exploited vulnerabilities in third-party products. The attacker stole internal credentials and sent fraudulent withdrawal commands that bypassed risk controls. The exchange says the hack did not compromise certain systems, though details remain limited.