Bitget Confirms Third-Party Zero-Day Behind $387.5 Million Cryptocurrency Theft

Cryptocurrency exchange Bitget has confirmed that a recent theft of $387.5 million was carried out by exploiting a previously unknown vulnerability in third-party security products. The finding is based on an ongoing investigation by SlowMist. The investigation uncovered malicious activity related to the third-party products, including a zero-day flaw. A customized tool used by the attacker was also recovered during the investigation. The theft occurred last week, resulting in significant losses for the exchange. The details of the vulnerability and the security products affected have not been specified.