Bitget confirmed a $387.5 million hack detected on September 24. Attackers spoofed transaction data to trigger legitimate transfer approvals from hot and warm wallets, without stealing private keys. The haul includes roughly 103 million XRP worth $157 million, plus $183 million in stablecoins and Ether. CEO Gracy Chen said IP addresses and on-chain patterns match techniques used by North Korea’s state-linked hackers. Bitget’s User Protection Fund exceeding $464 million will cover the full losses, keeping customer account balances intact.
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