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Hackers took about $388 million from Bitget after small test transfers slipped under its risk thresholds. CEO Gracy Chen walks through how the attackers used a zero-day in a third-party security product to insert fraudulent withdrawal commands into the wallet system, then erased their traces.

She also lays out why her team switched wallets back on between the two rounds of the attack to sweep hot and warm funds into cold storage, even though it gave the hackers a second window.

Host:

    • Laura Shin – Founder, CEO and Host of Unchained

Guest:

This clip is from a longer conversation on the $388 million Bitget hack and its aftermath. Full episode here.

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