$TWT Security alert on Bitget!
The platform has just suffered a loss of $351.6 million after a vulnerability was detected in its hot wallets. The exchange CEO, Gracy Chen, clarified that the attackers compromised an internal system to forge documents and withdrawal authorizations, but highlighted a vital technical detail: the private keys and cold vaults were never compromised, so the real keys to the funds remain safe.
As an emergency measure, Bitget has temporarily frozen all withdrawals from the platform, although trading and deposits continue to operate normally. To reassure the community, the directive confirmed that 100% of the losses will be covered by its User Protection Fund, which has backing of over $464 million, ensuring that customers’ balances will remain intact while the technical team works to restore the system.
Do you have capital in this exchange, or do you prefer to rely on self-custody wallets to always avoid these risks?
FOLLOW ME for more NEWS and ANALYSIS..
#BitgetSays$352MAffectedInHack
The platform has just suffered a loss of $351.6 million after a vulnerability was detected in its hot wallets. The exchange CEO, Gracy Chen, clarified that the attackers compromised an internal system to forge documents and withdrawal authorizations, but highlighted a vital technical detail: the private keys and cold vaults were never compromised, so the real keys to the funds remain safe.
As an emergency measure, Bitget has temporarily frozen all withdrawals from the platform, although trading and deposits continue to operate normally. To reassure the community, the directive confirmed that 100% of the losses will be covered by its User Protection Fund, which has backing of over $464 million, ensuring that customers’ balances will remain intact while the technical team works to restore the system.
Do you have capital in this exchange, or do you prefer to rely on self-custody wallets to always avoid these risks?
FOLLOW ME for more NEWS and ANALYSIS..
#BitgetSays$352MAffectedInHack