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Bitget CEO says attacker tested risk controls before $388 million theft

Original: bitget

Crypto exchange Bitget says the hacker behind a $388 million theft from its platform first probed the exchange's risk controls with small test transfers before moving the full amount. The disclosure from the CEO offers new detail on how the attack unfolded and is drawing attention to exchange security practices and how quickly large-scale thefts can be executed once defenses are mapped.

Why now: Fresh details about a major $388 million exchange hack have just been disclosed by Bitget's CEO.

Bitget

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