Security firm SlowMist has traced the malicious activity behind the recent Bitget hack to a zero-day exploit identified on August 31. This vulnerability was exploited using a combination of two security products and a custom withdrawal tool, according to CoinTelegraph.

SlowMist reportedly detected suspicious activity related to this zero-day weeks before the theft occurred, highlighting the sophisticated nature of the attack. The incident underscores ongoing security challenges within the crypto exchange sector.

For Japanese investors and market participants, the Bitget hack serves as a reminder of the importance of robust cybersecurity measures, especially as digital asset trading continues to grow in the region.