In the recent Bitget incident, around $351.6M in assets were affected, with about $192.6M already transferred or processed. Most of it was converted into ETH, which may have added some selling pressure on ETH.
bitget said that no private keys were leaked. The issue is suspected to be related to the wallet’s backend system, where transfer information may have been manipulated. The company also said its protection fund can cover potential losses.
However, “users didn’t lose money” and “the system had no security issues” are two different things. Backend permissions, transfer validation, and risk controls are also important.
For regular traders, the best approach during incidents like this is not to panic or rush into trades. First, check your deposits, withdrawals, and account balances, and follow official updates.
Most importantly, don’t keep all your assets on one exchange. Spreading your risk is always safer.
The market didn’t immediately crash because investors seem to believe the losses are manageable.
bitget said that no private keys were leaked. The issue is suspected to be related to the wallet’s backend system, where transfer information may have been manipulated. The company also said its protection fund can cover potential losses.
However, “users didn’t lose money” and “the system had no security issues” are two different things. Backend permissions, transfer validation, and risk controls are also important.
For regular traders, the best approach during incidents like this is not to panic or rush into trades. First, check your deposits, withdrawals, and account balances, and follow official updates.
Most importantly, don’t keep all your assets on one exchange. Spreading your risk is always safer.
The market didn’t immediately crash because investors seem to believe the losses are manageable.