$351 million vanished from BitGet in minutes.
But the exchange survived thanks to its 3-tier vault system:
🔥 Hot Vault – internet-connected, for daily trading
🌡️ Warm Vault – intermediate layer
❄️ Cold Vault – fully air-gapped, offline
North Korean-linked hackers only drained the outer two layers. The vast majority of funds stayed safe inside the Cold Vault.
BitGet immediately activated a $464 million reserve fund — not a single user lost money.
One of the biggest hacks of the year… and a clear reminder: Cold storage is still crypto’s last line of defense.
But the exchange survived thanks to its 3-tier vault system:
🔥 Hot Vault – internet-connected, for daily trading
🌡️ Warm Vault – intermediate layer
❄️ Cold Vault – fully air-gapped, offline
North Korean-linked hackers only drained the outer two layers. The vast majority of funds stayed safe inside the Cold Vault.
BitGet immediately activated a $464 million reserve fund — not a single user lost money.
One of the biggest hacks of the year… and a clear reminder: Cold storage is still crypto’s last line of defense.