#bitgethackerfailstomovestolenfunds 🚨 HACK OF 387.5 M$ ON BITGET — FUNDS STOLEN DESPITE OBSTACLES DURING CROSS-CHAIN TRANSFERS
The Bitget security incident has taken a new turn: blockchain security firms and cross-chain services continue to track the stolen assets.
💰 Current estimated impact: ~387.5 M$
🔍 What’s happening?
• Bitget says the affected funds were transferred from parts of its hot and warm portfolio infrastructure.
• Mandiant and SlowMist are assisting with the investigation and tracing of the funds.
• Chainflip rejected an attempted swap involving addresses linked to the Bitget exploiter.
• Other industry players have also taken steps to freeze or reject funds deemed suspicious.
• Bitget has launched a rewards program for recovery.
Note: Bitget states that its cold wallets and private keys were not compromised, and that the vulnerability that led to the incident has been fixed.
The investigation is still ongoing, so the exact amount recovered or frozen has not yet been fully disclosed.
👀 The bigger story:
This incident shows how transparency in blockchain transactions can allow exchanges, security companies, and infrastructure providers to coordinate quickly when stolen funds move across different networks.
Will a larger share of the stolen funds be frozen or recovered? 🔎
#Bitget #CryptoSecurity #CryptoNews
$BTW
$0G
$SOON
The Bitget security incident has taken a new turn: blockchain security firms and cross-chain services continue to track the stolen assets.
💰 Current estimated impact: ~387.5 M$
🔍 What’s happening?
• Bitget says the affected funds were transferred from parts of its hot and warm portfolio infrastructure.
• Mandiant and SlowMist are assisting with the investigation and tracing of the funds.
• Chainflip rejected an attempted swap involving addresses linked to the Bitget exploiter.
• Other industry players have also taken steps to freeze or reject funds deemed suspicious.
• Bitget has launched a rewards program for recovery.
Note: Bitget states that its cold wallets and private keys were not compromised, and that the vulnerability that led to the incident has been fixed.
The investigation is still ongoing, so the exact amount recovered or frozen has not yet been fully disclosed.
👀 The bigger story:
This incident shows how transparency in blockchain transactions can allow exchanges, security companies, and infrastructure providers to coordinate quickly when stolen funds move across different networks.
Will a larger share of the stolen funds be frozen or recovered? 🔎
#Bitget #CryptoSecurity #CryptoNews
$BTW
$0G
$SOON
