🚨 Bitget Exploit Update: Here Is What You Need to Know
Bitget CEO Gracy Chen has shared critical details following a recent security incident.
Here are the key facts regarding affected assets, wallet safety, and full user protection:
Impacted Assets & Chains: The exploit affected ETH, XRP, BNB, AVAX, USDT, USDC, and other tokens across Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base.
The XRP Ledger suffered the largest single-chain loss.
Cold Wallets Safe: All on-chain cold wallets remain 100% secure and unaffected.
Hacker Tracking & Freezing: Bitget is actively coordinating with chain foundations, and several have already frozen the attacker's wallet addresses.
100% User Protection: Bitget’s Protection Fund stands at over $464M in publicly verifiable addresses, backed by more than $1B in exchange assets.
All user funds are backed 1:1 and verifiable on-chain.
Recovery Timeline: The team is prioritizing a full recovery and will announce an exact timeline once confirmed, emphasizing they will not promise deadlines they cannot guarantee.
Stay tuned for official updates.
What are your thoughts on how fast chain foundations responded? Let us know below! 👇
#BinanceSquare #CryptoNews #Bitget #Security
Bitget CEO Gracy Chen has shared critical details following a recent security incident.
Here are the key facts regarding affected assets, wallet safety, and full user protection:
Impacted Assets & Chains: The exploit affected ETH, XRP, BNB, AVAX, USDT, USDC, and other tokens across Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC, and Base.
The XRP Ledger suffered the largest single-chain loss.
Cold Wallets Safe: All on-chain cold wallets remain 100% secure and unaffected.
Hacker Tracking & Freezing: Bitget is actively coordinating with chain foundations, and several have already frozen the attacker's wallet addresses.
100% User Protection: Bitget’s Protection Fund stands at over $464M in publicly verifiable addresses, backed by more than $1B in exchange assets.
All user funds are backed 1:1 and verifiable on-chain.
Recovery Timeline: The team is prioritizing a full recovery and will announce an exact timeline once confirmed, emphasizing they will not promise deadlines they cannot guarantee.
Stay tuned for official updates.
What are your thoughts on how fast chain foundations responded? Let us know below! 👇
#BinanceSquare #CryptoNews #Bitget #Security