Market moving NegativeHack or exploit

Bitget CEO says $388M hack exploited third-party security vulnerability

First reported by Cointelegraph, 20h ago. 3 outlets carry the story. 11s ago

JEV verdict

JEV 149 ms

JEV rates this market moving with a negative model view for the asset price (63% sure of the impact).

ImpactMarket moving

63%
Sentiment (model view, asset price)Negative

96%
CategoryHack or exploit

100%
Chance it is sponsored

8%
Signal scoreimpact, freshness, and outlets

5

A bar shows how sure JEV is of its answer. It is not a chance that the price moves. Sentiment is the model's view of the effect on the asset price. It is not a recommendation.

Outlets that carry this story

Cointelegraph Bitget CEO says $388M hack exploited third-party security vulnerability 20h ago
The Block Bitget attacker tested risk controls with small transfers before $388 million theft, CEO says 19h ago
The Daily Hodl Crypto Exchange Bitget Says Hacker Exploited Vulnerabilities From Third-Party Products To Pull Off Last Week’s $388,000,000 Exploit 14h ago

cryptonews.org does not write these stories. Each link opens the outlet.