How Its Own System Approved a $387 Million Theft

Bitget has confirmed that attackers stole $387.5 million from its exchange wallets on September 24. Withdrawals still remain suspended, while the company says its protection fund covers the loss.

Mandiant and SlowMist are investigating. CEO Gracy Chen suspects North Korean involvement, although the initial entry point remains undisclosed.

So, how did the hack potentially take place? BeInCrypto…