Bitget confirms $352M security breach, suspends withdrawals
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.
Crypto exchange Bitget has confirmed unauthorized transfers affecting approximately $351.6 million in assets and temporarily suspended withdrawals as it investigates the security breach.
Bitget said its security systems detected the transfers involving a limited number of hot wallets at 18:31 UTC on Thursday, prompting the exchange to activate emergency response procedures.
Speaking in a live Q&A, Chen said affected assets included Ether (ETH), XRP (XRP), USDt (USDT), USDC (USDC), Avalanche (AVAX), BNB (BNB) and USDT0 (USDT0) on Arbitrum. She identified Ethereum, the XRP Ledger, Avalanche, BNB Smart Chain and Arbitrum as affected networks, with Ethereum accounting for the main concentration of observed stolen funds.