bitgettoken

🚨 Bitget Security Breach

Bitget confirmed a major security incident on September 24, 2026. Around $387.5M in crypto assets were transferred to attacker-controlled addresses from affected wallet infrastructure.

The incident remains under investigation, while Bitget says the vulnerability has been contained and fixed.

Stay alert. Security matters in crypto.#BitgetToken #CryptoSecurity #blockchain #Web3

#BitgetCEOConfirms$388MStolenInHack

🚨 Bitget CEO Confirms $388M Stolen in Major Hack: Protection Fund to Fully Cover Losses 🛡️💥

Bitget CEO Gracy Chen has officially clarified that the recent exchange exploit resulted in approximately $387.5 million to $388 million in stolen digital assets—up from initial lower estimates.

The breach occurred after attackers compromised a critical backend system and manipulated transaction data, tricking internal systems into approving unauthorized transfers across multiple blockchains (including XRP Ledger, TRON, and Zcash). Investigators have linked the IP patterns and on-chain signatures to DPRK-affiliated hacking groups.

📰 Key Takeaways & Official Response:
Full Fund Guarantee: Bitget confirmed that its $464M+ Protection Fund will fully absorb the loss, ensuring user account balances remain safe and backed 1:1.

Recovery Operations: Bitget is collaborating with law enforcement, on-chain analytics teams, and cross-chain protocols like THORChain to track and freeze exploited wallet addresses.

System Hardening: Backend signing modules are undergoing comprehensive security revamps to prevent future spoofing vulnerabilities.

📍#BitgetDetailsSecurityIncidentTimeline #BitgetToken

#Bitget #$351.6M affected — but the bigger question is how the attacker reached the signing/authorization pipeline.

Bitget says approximately $351.6M in assets were affected, involving portions of its hot and warm wallet layers, while cold wallets remained secure. The exchange also says its $464M+ User Protection Fund is sufficient to cover the reported amount.

#BitgetWallet
The more important security issue is the attack path.
Bitget’s preliminary investigation indicates that a critical backend system in its wallet infrastructure was compromised. The attacker reportedly spoofed transaction data and triggered Bitget’s normal authorization process. Bitget says a direct private-key compromise has been ruled out.#BitgetExchange
TokenPost
That makes the incident more than a simple “private key leak.” The key question now is how the attacker gained access to the backend system and why existing controls allowed unauthorized transactions to pass through the authorization pipeline.
Bitget has paused withdrawals while its# security review continues, while deposits and trading remain operational. The company has also said it will publish a full incident report covering the root cause and corrective actions.
Bitget +1
The protection fund may cover the financial impact.
The technical report will tell us whether the underlying security weakness has actually been fixed.#BitgetToken

🚨
Who’s still holding LAB? 👇⚠️
🚨 9M $LAB has just been transferred from a cold wallet on BITGET
Amount transferred:
≈ $43M 👀🔥
Coins moved from cold wallet to hot wallet ⚠️
And the market starts to get jittery right away.
Such moves rarely happen without a reason 🚨
The question now is simple:
Is this gearing up for a new dump…
Or is it preparation for something much bigger? 👀
Volatility on $LAB could get intense 🔥

LABUSDT

#Labs #Crypto #BitgetToken #BlackRockPlansMoneyMarketFundsforStablecoinUsers #BinanceSquareFamily