Everything you need to know about the Bitget hack:
-Bitget estimates around $351 million in assets were stolen
-Withdrawals are temporarily suspended, trading and deposits still work
-Bitget has its own internal fund worth $464 million and it will cover losses for regular users
-The North Korean group Lazarus is suspected in the hack, the same group that hacked Bybit for $1.5 billion before
-Bybit's CEO said he is ready to help in any way possible
I am confident an exchange this big will handle it and keep operating
Here is what we can confirm at this stage:
On the attack:
Our security team has made initial progress in tracing the source. The attacker compromised a critical backend system within our wallet infrastructure, used it to spoof transaction data, and triggered our authorization process to move funds out. Private key compromise has been ruled out — this excludes the more severe risk scenarios. Loss containment is confirmed. No further unauthorized transfers are possible. The specific method of system intrusion remains under active investigation. A full technical report will follow once confirmed.
On withdrawal restoration:
Multiple technical teams are working in parallel on system remediation and security hardening. Withdrawal restoration is being prepared in parallel. We will announce a timeline as soon as one is confirmed — we will not commit to a window we cannot guarantee.