đš BITGET JUST GOT HIT FOR $351.6M đ
Bitget has confirmed unauthorized transfers of roughly $351.6 million from parts of its hot/warm wallet infrastructure.
The good news? đ
đ§ Cold wallets reportedly remain secure
đ° Bitget says its $464M+ User Protection Fund covers the affected amount
â Withdrawals have been temporarily paused
đ The attack vector is still under investigation
This is another BIG reminder in crypto:
Exchange security is not a small detail. Itâs everything.
And the blockchain makes one thing crazy clear when funds move, the world can watch them move.
Bitget says a full root-cause report is expected within 24 hours.
$351.6M is not a small number. đ
Do you think this incident will change how people think about exchange custody vs self-custody? đ§đ
#Bitget $BB
Bitget has confirmed unauthorized transfers of roughly $351.6 million from parts of its hot/warm wallet infrastructure.
The good news? đ
đ§ Cold wallets reportedly remain secure
đ° Bitget says its $464M+ User Protection Fund covers the affected amount
â Withdrawals have been temporarily paused
đ The attack vector is still under investigation
This is another BIG reminder in crypto:
Exchange security is not a small detail. Itâs everything.
And the blockchain makes one thing crazy clear when funds move, the world can watch them move.
Bitget says a full root-cause report is expected within 24 hours.
$351.6M is not a small number. đ
Do you think this incident will change how people think about exchange custody vs self-custody? đ§đ
#Bitget $BB
