[Bitget confirms that a $351.6 million hot wallet was stolen; withdrawals suspended]
Bitget’s official account has confirmed a hot wallet security incident, involving an amount of $351.6 million. Unauthorized transactions were detected at 18:31 UTC. The official statement says that the cold wallet remains secure, and users’ funds are covered by a protection fund of more than $464 million. Currently, the platform has suspended withdrawals, but trading and deposits remain normal. This incident directly exposes the security risks of an exchange’s hot wallet and may trigger short-term concerns in the market about centralized exchange funds’ safety. Investors should pay attention to Bitget’s subsequent fund audit results and the specific compensation mechanism of the protection fund. If other major exchanges do not experience similar chain reactions, market panic may gradually subside after the safety of assets is confirmed. Focus on changes in fund inflows and outflows for BTC and major trading pairs.
Bitget’s official account has confirmed a hot wallet security incident, involving an amount of $351.6 million. Unauthorized transactions were detected at 18:31 UTC. The official statement says that the cold wallet remains secure, and users’ funds are covered by a protection fund of more than $464 million. Currently, the platform has suspended withdrawals, but trading and deposits remain normal. This incident directly exposes the security risks of an exchange’s hot wallet and may trigger short-term concerns in the market about centralized exchange funds’ safety. Investors should pay attention to Bitget’s subsequent fund audit results and the specific compensation mechanism of the protection fund. If other major exchanges do not experience similar chain reactions, market panic may gradually subside after the safety of assets is confirmed. Focus on changes in fund inflows and outflows for BTC and major trading pairs.