#bitgethackerfailstomovestolenfunds 🚨 BITGET $387.5M HACK — STOLEN FUNDS FACE CROSS-CHAIN ROADBLOCKS
The Bitget security incident has taken another turn as blockchain security firms and cross-chain services continue tracking the stolen assets.
💰 Current estimated impact: ~$387.5M
🔍 What's happening?
• Bitget says the affected funds were transferred from parts of its hot and warm wallet infrastructure.
• Mandiant and SlowMist are assisting with the investigation and fund tracing.
• Chainflip rejected an attempted swap involving addresses linked to the Bitget exploiter.
• Other industry participants have also taken action to freeze or reject suspicious funds.
• Bitget has launched a recovery bounty program.
Importantly, Bitget says its cold wallets and private keys were not compromised, and the vulnerability involved in the incident has been remediated.$ETH $SOL
The investigation is still ongoing, so the exact amount recovered or frozen has not been fully disclosed.
👀 The bigger story:$BTC
This incident shows how transparent blockchain transactions can allow exchanges, security firms and infrastructure providers to coordinate quickly when stolen funds move across chains.
Will more of the stolen funds be frozen or recovered? 🔎
#Bitget #CryptoSecurity #Bitcoin #Ethereum #SOL #LINK #CryptoNews #BinanceSquare
The Bitget security incident has taken another turn as blockchain security firms and cross-chain services continue tracking the stolen assets.
💰 Current estimated impact: ~$387.5M
🔍 What's happening?
• Bitget says the affected funds were transferred from parts of its hot and warm wallet infrastructure.
• Mandiant and SlowMist are assisting with the investigation and fund tracing.
• Chainflip rejected an attempted swap involving addresses linked to the Bitget exploiter.
• Other industry participants have also taken action to freeze or reject suspicious funds.
• Bitget has launched a recovery bounty program.
Importantly, Bitget says its cold wallets and private keys were not compromised, and the vulnerability involved in the incident has been remediated.$ETH $SOL
The investigation is still ongoing, so the exact amount recovered or frozen has not been fully disclosed.
👀 The bigger story:$BTC
This incident shows how transparent blockchain transactions can allow exchanges, security firms and infrastructure providers to coordinate quickly when stolen funds move across chains.
Will more of the stolen funds be frozen or recovered? 🔎
#Bitget #CryptoSecurity #Bitcoin #Ethereum #SOL #LINK #CryptoNews #BinanceSquare
