Bitget Confirms Zero-Day Behind $387.5 Million Crypto Theft

· Cybersecurity

Cryptocurrency exchange Bitget confirmed that attackers who stole $387.5 million last week exploited a zero-day flaw in third-party security products, citing an investigation by SlowMist. The incident highlights supply-chain risk from third-party security tooling used by financial platforms.

Why it matters：A nine-figure theft tied to a third-party security product shows how upstream vendors can become a single point of failure for crypto exchanges and other high-value financial targets.

Key points

  • Stolen amount was $387.5 million, according to Bitget.
  • SlowMist investigation pointed to malicious activity involving third-party security products.
  • Bitget said it is continuing to investigate the incident.

Sources (original reporting)

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