Bitget's $388M hack linked to North Korea, THORChain scrutiny
Original title: How a Security Product Became the Way Into Bitget's $388M Hack: Uneasy Money
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Summary
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Key points
- Attackers took $388 million from Bitget without ever getting its private keys.
- Pablo Sabbatella says the way into Bitget was a zero-day in a third-party security product the exchange relied on.
- Taylor Monahan attributes the hack to North Korea's TraderTraitor group and flags how fast the funds left Arbitrum.
- THORChain has halted its chain and reallocated balances before, and questions remain about why it still handles stolen funds.
- NEAR's SHIELD blocks funds using behavioral anomaly detection.
- Kain Warwick argues the harder the problem, the more superintelligence helps, and says Ethereum is one of the hardest problems.
Questions
How much was taken from Bitget?
How did attackers get into Bitget?
Who does Taylor Monahan blame for the Bitget hack?
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