🚨 Bitget confirms a hack of over US$350 million and pauses withdrawals
Bitget has just confirmed a security incident that affected approximately US$351.6 million.
According to its CEO, Gracy Chen, the attack was limited to a portion of the hot and warm wallets (wallets connected or partially connected to the internet used for exchange operations).
The cold wallets (wallets kept offline to reduce the risk of attacks) remain secure, according to the company.
⚠️ Bitget temporarily suspended withdrawals while it conducts a security review.
The company also says that users’ funds are protected and that its protection fund exceeds US$464 million.
Important: for now, I wouldn’t extrapolate this incident to Binance or other exchanges. Nor would I assume we yet know the final scope of the attack.
We’ll keep an eye on possible movements of the stolen funds and on any market impact.
📊 NEWS / CONTEXT
Conviction: 99/100
#Crypto #Bitget #Security #Bitcoin
Bitget has just confirmed a security incident that affected approximately US$351.6 million.
According to its CEO, Gracy Chen, the attack was limited to a portion of the hot and warm wallets (wallets connected or partially connected to the internet used for exchange operations).
The cold wallets (wallets kept offline to reduce the risk of attacks) remain secure, according to the company.
⚠️ Bitget temporarily suspended withdrawals while it conducts a security review.
The company also says that users’ funds are protected and that its protection fund exceeds US$464 million.
Important: for now, I wouldn’t extrapolate this incident to Binance or other exchanges. Nor would I assume we yet know the final scope of the attack.
We’ll keep an eye on possible movements of the stolen funds and on any market impact.
📊 NEWS / CONTEXT
Conviction: 99/100
#Crypto #Bitget #Security #Bitcoin