There are a lot of questions around the $351.6M incident, but the confirmed picture is clearer than some of the speculation. Bitget says the unauthorized transfers came from a limited number of hot/warm wallets, while cold wallets and the majority of platform assets remain secure. Withdrawals were paused as a precaution during the security review, while deposits and trading continued normally. Bitget also states that its User Protection Fund currently holds over $464M, which covers the approximately $351.6M affected. As for who was behind it, attribution is still being investigated. Bitget has said law enforcement and on-chain security firms are involved, so I’d wait for the official incident report before treating any specific group as confirmed. For now, the key facts are: loss contained, user balances reported accurate, protection fund larger than the affected amount, and withdrawals temporarily paused for security reasons.