29 September 2026 - 08:03
Category: IT Fail
Security Tools Cost Bitget 388M Now
Bitget watched an attacker make off with $388 million thanks to a flaw in their third-party security software. The sheer irony of security tools helping burglars never gets old.
Source: The Hacker News
The Full Story
Same story different day, where the very third-party security software meant to guard the castle ends up leaving the back door wide open. Cryptocurrency exchange Bitget suffered this expensive indignity when an opportunistic thief exploited that flawed vendor tool to relieve them of $388 million. Protecting ourselves from our own supposed guardians demands relentlessly auditing third-party security products rather than falling for vendor snake oil. It is almost poetic that paying for protection merely expedited the grand theft, leaving IT to mourn our remaining sanity.