Bitget, a major crypto exchange, has been targeted in a significant hack resulting in the loss of $388 million. According to CoinTelegraph, the breach exploited a security weakness in a third-party system connected to Bitget.
Some of the stolen assets have reportedly been frozen, but Bitget has not yet revealed how much of the funds have been recovered. Investigations are ongoing, with authorities assessing a potential link to North Korean actors, as noted by CoinTelegraph.
This incident underscores the increasing risks associated with third-party dependencies in crypto platforms, a concern that resonates with Japanese investors who are closely monitoring security standards amid growing digital asset adoption.