Case Study: Bitget strengthens wallet security after a $387M spoofed-request attack with Hypernative

Bitget loses $387M after spoofed withdrawal requests with Hypernative

Bitget, a cryptocurrency exchange, faced a significant security challenge when an attacker compromised a backend system and used it to spoof withdrawal requests, leading to a $387 million theft. The exchange needed to understand how the breach occurred and how to prevent future incidents. They worked with Hypernative, leveraging its onchain analysis and security expertise to investigate the attack vector.

Hypernative's analysis identified critical gaps in Bitget's signing process, such as a lack of independent validation for transaction parameters. The vendor's findings provided a clear roadmap for implementing new security measures, including pre-signing checks and real-time transaction monitoring. This partnership helped Bitget remediate the vulnerability and strengthen its defenses against similar attacks.

Bitget