Crypto platform Bitget suspects North Korea is responsible for $352 million hack
Bitget said customer balances are safe and its user protection fund, valued at more than $464 million, covers the estimated loss.
- On Thursday, crypto exchange Bitget suffered a system breach exposing approximately $351.6 million in assets, CEO Gracy Chen announced in a social media post.
- Unauthorized transfers targeted Bitget hot wallets while cold wallets remained secure, Chen confirmed; the Liquid Network lost $320 million earlier this month to an alleged hack.
- Arkham Intelligence analyst Emmett Gallic identified unauthorized movements involving ETH, BNB, AVAX, and USDT0 across multiple blockchains; researchers initially flagged unusual activity totaling around $183 million.
- Deposits and trading remain online, but Bitget is "temporarily" pausing withdrawals pending a security review, Chen said; the exchange holds more than $464 million in its user protection fund.
- Market reaction followed the news, with Bitget's native BGB token down 2.9% as of press time; Bitcoin's price fell 0.29% and ETH's price dropped 0.2% over the past 24 hours.
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Who Can Freeze the XRP Stolen in Bitget's $351.6 Million Hack?
The post Who Can Freeze the XRP Stolen in Bitget’s $351.6 Million Hack? appeared first on 24/7 Wall St..Recently, a major security breach at the crypto exchange Bitget resulted in the theft of $351.6 million, with XRP (CRYPTO:XRP) accounting for the largest portion—about 103 million XRP worth roughly $157 million at that time. Unlike the dollar tokens taken during the hack, that XRP cannot be frozen by any organization. Despite this, XRP’s tradi…
Crypto exchange Bitget halts withdrawals after hackers steal $352 million - Tech Startups
Crypto exchange Bitget has temporarily halted customer withdrawals after hackers stole roughly $350 million from the platform, adding another massive theft to a growing list of attacks targeting some of crypto’s biggest exchanges. Bitget detected unauthorized transfers from several of […] The post Crypto exchange Bitget halts withdrawals after hackers steal $352 million first appeared on Tech Startups.
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