Topic

Crypto custody and wallet tiers

How exchanges and custodians hold digital assets across internet-connected hot wallets, intermediate warm wallets and offline cold storage.

Current clusters

security7 publishers

Bitget's CEO says attackers took $351.6M by breaching the exchange's own servers

Bitget CEO Gracy Chen says attackers breached the exchange's own servers to move $351.6 million out of its hot wallets on September 24. She blames North Korea's Lazarus Group without published technical evidence, and how the transfers were authorized is still unexplained.

Publishers:bleepingcomputer.comhackread.comscworld.comsecurityaffairs.comsecurityweek.comthehackernews.comtherecord.media

Perspective Coverage

7 publishers

Builder: Builder 16%
Operator: Operator 55%
Investor: Investor 29%

Reality

Evidence50
Adoption: Insufficient
Hype gap+25
Incentives60
Confidence55

leadership1 publisher

Bitget says spoofed backend data drained $351.6 million from its hot and warm wallets

Bitget lost about $351.6 million from its hot and warm wallets after attackers spoofed transaction data in a backend system, the exchange said. Cold storage held and a $464 million fund covers the loss, while about 45% of the haul is native XRP that no one can freeze.

Publishers:news.bitcoin.com

Reality

Evidence60
Adoption: Insufficient
Hype gap+15
Incentives65
Confidence58