🚨 BITGET JUST GOT HIT FOR $351.6M 👀
Bitget has confirmed unauthorized transfers of roughly $351.6 million from parts of its hot/warm wallet infrastructure.
The good news? 👇
🧊 Cold wallets reportedly remain secure
💰 Bitget says its $464M+ User Protection Fund covers the affected amount
⛔ Withdrawals have been temporarily paused
🔎 The attack vector is still under investigation
This is another BIG reminder in crypto:
Exchange security is not a small detail. It’s everything.
And the blockchain makes one thing crazy clear when funds move, the world can watch them move.
Bitget says a full root-cause report is expected within 24 hours.
$351.6M is not a small number. 👀
Do you think this incident will change how people think about exchange custody vs self-custody? 🧊🔐
#Bitget $BB
Bitget has confirmed unauthorized transfers of roughly $351.6 million from parts of its hot/warm wallet infrastructure.
The good news? 👇
🧊 Cold wallets reportedly remain secure
💰 Bitget says its $464M+ User Protection Fund covers the affected amount
⛔ Withdrawals have been temporarily paused
🔎 The attack vector is still under investigation
This is another BIG reminder in crypto:
Exchange security is not a small detail. It’s everything.
And the blockchain makes one thing crazy clear when funds move, the world can watch them move.
Bitget says a full root-cause report is expected within 24 hours.
$351.6M is not a small number. 👀
Do you think this incident will change how people think about exchange custody vs self-custody? 🧊🔐
#Bitget $BB
