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

The third-party framing shifts scrutiny onto the exchange's vendor chain, a reminder that custody risk increasingly sits outside the venue itself. The frozen portion matters less than the undisclosed remainder, since recovery rates shape how creditors and users ultimately fare. The unresolved North Korea question is the variable worth tracking: attribution would turn a commercial security failure into a sanctions and state-actor story, with consequences well beyond Bitget.