#BitgetSays$352MAffectedInHack
🚨 Bitget Confirms ~$352M Hot Wallet Breach
Bitget reported unauthorized transfers of about $351.6–352 million from some hot and warm wallets.
CEO Gracy Chen said:
Cold wallets fully secure
User funds safe
Loss fully covered by their $464M+ User Protection Fund
Deposits & trading still open
Withdrawals temporarily paused
Attackers spoofed transaction data via a backend compromise — private keys were not stolen.
Another tough reminder. Good that the protection fund covers it and cold wallets held strong, but frozen withdrawals still shake user confidence. Keep only trading funds on CEXs and stay sharp — these incidents keep coming. Security has to improve faster.
Thoughts? Still comfy leaving funds on exchanges?
#Bitget #CryptoHack #CryptoSecurity #Web3 #BinanceSquare
🚨 Bitget Confirms ~$352M Hot Wallet Breach
Bitget reported unauthorized transfers of about $351.6–352 million from some hot and warm wallets.
CEO Gracy Chen said:
Cold wallets fully secure
User funds safe
Loss fully covered by their $464M+ User Protection Fund
Deposits & trading still open
Withdrawals temporarily paused
Attackers spoofed transaction data via a backend compromise — private keys were not stolen.
Another tough reminder. Good that the protection fund covers it and cold wallets held strong, but frozen withdrawals still shake user confidence. Keep only trading funds on CEXs and stay sharp — these incidents keep coming. Security has to improve faster.
Thoughts? Still comfy leaving funds on exchanges?
#Bitget #CryptoHack #CryptoSecurity #Web3 #BinanceSquare
