🚨 $352M Crypto Security Shock — Bitget Just Got Hit.
Bitget has confirmed a major security breach involving approximately $351.6 million in unauthorized transfers from some of its hot wallets.
The incident was detected at 18:31 UTC on September 24. Bitget says the breach was limited to parts of its hot and warm wallet infrastructure, while its cold wallets remain secure.
Affected assets reportedly include Ether, XRP, BNB, Avalanche, USDT, USDC and other tokens across multiple networks.
Bitget temporarily suspended withdrawals while its security team investigates. Deposits and trading remain operational, and the exchange says user account balances are accurate.
The bigger number catching attention: Bitget says its User Protection Fund currently holds more than $464 million, enough to cover the estimated affected amount if necessary.
But the incident highlights a bigger issue for crypto exchanges.
Billions of dollars can sit behind a few layers of wallet infrastructure, and one compromised component can potentially create a massive security event.
Bitget says law enforcement and blockchain security firms are involved, with a full incident report expected as the investigation progresses.
For traders, this is another reminder that exchange security isn’t just about the platform you trade on — it’s about how that platform protects assets behind the scenes.
Is this a wake-up call for the entire crypto exchange industry? 👀
Bitget has confirmed a major security breach involving approximately $351.6 million in unauthorized transfers from some of its hot wallets.
The incident was detected at 18:31 UTC on September 24. Bitget says the breach was limited to parts of its hot and warm wallet infrastructure, while its cold wallets remain secure.
Affected assets reportedly include Ether, XRP, BNB, Avalanche, USDT, USDC and other tokens across multiple networks.
Bitget temporarily suspended withdrawals while its security team investigates. Deposits and trading remain operational, and the exchange says user account balances are accurate.
The bigger number catching attention: Bitget says its User Protection Fund currently holds more than $464 million, enough to cover the estimated affected amount if necessary.
But the incident highlights a bigger issue for crypto exchanges.
Billions of dollars can sit behind a few layers of wallet infrastructure, and one compromised component can potentially create a massive security event.
Bitget says law enforcement and blockchain security firms are involved, with a full incident report expected as the investigation progresses.
For traders, this is another reminder that exchange security isn’t just about the platform you trade on — it’s about how that platform protects assets behind the scenes.
Is this a wake-up call for the entire crypto exchange industry? 👀