Bitget Says User Funds Safe After $351.6M Wallet Incident
12 Articles
12 Articles
ChainCatcher reports that, according to Decrypt, on-chain data shows approximately $183 million in crypto assets flowed from a wallet flagged as Bitget to a newly created address. Analysts from Bubblemaps and Arkham flagged this unusual activity on September 24th, suggesting Bitget may have been hacked. Funds were transferred from both hot and cold wallet reserves at the exchange within about an hour, involving tokens such as ETH, USDT, USDC, AV…
Bitget Hit by $351M Hack, Withdrawals Frozen as Probe Begins
What began as hundreds of millions of dollars mysteriously moving from Bitget-labeled wallets now has an answer. Bitget founder Gracy Chen disclosed Thursday that the crypto exchange suffered unauthorized transfers from portions of its hot and warm wallet infrastructure, with the damage estimated at approximately $351.6 million. Tens of Millions in Onchain Transfers Flagged From […]
Transfers valued at about $176 million from Wallets linked to Bitget and reports of blocked withdrawals fueled suspicions of a possible hack. The report cited does not indicate that the exchange confirmed a gap or explained the movements.
Bitget Wallets Flagged in Suspected $170M Security Breach
The claim remains unconfirmed. Neither the reported attack method nor the final loss total had been established at publication. The Block said it had contacted Bitget to ask whether the transfers were tied to a security incident and whether withdrawals had been paused, but no public explanation had been identified at publication. The alerts concern wallets associated with Bitget’s exchange infrastructure; they do not establish a compromise of th…
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