🚨 BITGET HACKED: A Major Hot Wallet Security Breach
Bitget has reportedly confirmed a major security incident involving its hot wallet, with approximately $350 million in assets reportedly stolen. Withdrawals have been suspended as the exchange responds to the incident.
According to the CEO, the cold wallets remain secure, while a $464 million protection fund is available as a backup.
🔍 What makes the incident even more notable?
The attacker reportedly waited around 6 minutes before exploiting the situation and used a 5% premium to redeem/claim approximately 7,111 ETH.
⚠️ The incident highlights a critical lesson in crypto security:
Hot wallets are designed for accessibility—but that accessibility can also make them a prime target during an attack.
For traders and investors, events like this are a reminder to pay close attention to exchange security, withdrawal status, wallet infrastructure, and risk management.
🔐 In crypto, speed matters—but security matters even more.
AAVE is once again catching the attention of crypto traders as interest in the DeFi sector starts picking up.
With Aave V4 surpassing $1B in deposits and the protocol continuing to expand across multiple chains, AAVE remains one of the projects worth keeping on the radar.
📊 What traders are watching: • Recent highs acting as potential resistance • Key support zones on pullbacks • Increasing volume during a breakout • Whether DeFi rotation can continue across the market
A decisive breakout backed by strong volume could bring renewed momentum, while a loss of important support may lead to further downside.
💡 My watchlist view: AAVE could see increased volatility if DeFi continues attracting capital. But instead of chasing sudden pumps, waiting for confirmation may be the smarter approach.
DYOR. Manage risk. Trade the setup, not the hype. 📈