Bitget stated that the hacker attack path had been identified and that the estimated value of the assets involved had been revised to approximately 387500000 USD
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AT A GLANCE
Bitget The person in charge said approximately 387500000 USD The assets were transferred, and the platform pledged that the stolen funds would be fully covered by the User Protection Fund.
Article
Xie Jiayin: The security team has precisely identified the hacker attack path and is very close to tracing the source of the attack
BlockBeats news,September 25，Bitget The head of the Chinese-speaking region, Xie Jiayin, stated in a post that the security team has precisely identified the attack path and methods used in this hacking incident and has obtained details on how the attackers bypassed security protections. The team is now very close to tracing the source of the attack. Third-party security teams Mandiant and SlowMist are still investigating the incident, and a detailed report will be issued by the security team once completed.
Xie Jiayin stated that on-chain tracking has confirmed that approximately 387500000 USD in assets were transferred to hacker addresses, an increase from the previously estimated 351600000 USD. The revised data includes ZEC and TRX. No other unauthorized asset transfers have been detected at present.
The funds stolen at the platform level will be fully covered by the Bitget User Protection Fund, and users' assets will not be affected. In addition,Bitget has officially launched a fund recovery bounty program, offering participants who proactively freeze or recover the attacker's funds a 5%bounty.
Original link https://m.theblockbeats.info/flash/369040
Key points
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September 25，Bitget The head of the Chinese-speaking region, Xie Jiayin, stated in a post that the security team had identified the attack path and methods used in this hacking incident.
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Xie Jiayin said that the security team has mastered the relevant details of how the attackers bypassed security protections and stated that they are very close to tracing the source of the attack.
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Mandiant and SlowMist are still conducting the incident investigation, and a detailed report is pending from the security team.
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Xie Jiayin said that on-chain tracking has confirmed approximately 387500000 USD assets were transferred to hacker addresses, higher than the previous estimate of 351600000 USD; the revised data includes ZEC and TRX。
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Xie Jiayin said that no other unauthorized asset transfers have been identified so far.
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Bitget said that the funds stolen at the platform level will be fully covered by the Bitget user protection fund, and that users' assets will not incur any loss.
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Bitget has launched a fund recovery bounty program, offering participants who proactively freeze or recover the attacker's funds a bounty of 5%.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is an update on a platform security incident. According to Xie Jiapin, the team has established the general path by which the attacker entered and moved the assets, but the source of the attack has not yet been finally disclosed. The amount of assets confirmed to have been transferred to the hacker's address has been raised to approximately 387500000 USD。Bitget promised to use the user protection fund to cover the platform-level stolen funds, and use 5%a bounty to encourage others to assist in freezing or recovering the funds.
Why it matters to readers
The incident involved the transfer of substantial assets and also concerns Bitget whether the commitment to coverage by the protection fund can be fulfilled. The subsequent investigation report will determine whether the source of the attack, the specific methods used, and the scope of the losses can be further confirmed.
Beginners should note that “the platform promises to cover the losses” does not mean the investigation has ended; before the official report is released, continue to monitor whether any new unauthorized transfers occur and whether the funds are recovered.
Risks and unknowns
The details of the attack path, attack methods, and circumvention of protections come from Xie Jiajin’s statements; the detailed investigation report has not yet been released.
The source of the attack has not yet been disclosed; the original text only states that completion of attribution is very close.
Related Developments
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approximately 387500000 USD The amount transferred and the claim that “no other unauthorized transfers were found” remain pending confirmation in the official report.
The original text does not specify the size, implementation method, or coverage progress of the user protection fund.
The original text does not specify how much funding has already been frozen or recovered.
Related concepts
On-chain tracing
This term is not in the glossary yet. Browse related concepts in the glossary.
