đš Bitget Hit by Massive $350M+ Cyberattack â Withdrawals Frozen!
Crypto exchange Bitget suffered a major security breach, with hackers draining over $350 million from the platform's hot wallets. Attackers reportedly compromised a backend system to spoof transaction data, triggering automated approvals across multiple chainsâwith XRP and Ethereum taking the biggest hits.
âWhat you need to know:
âđ Withdrawals Suspended: Bitget temporarily halted all user withdrawals while security teams complete forensic reviews.
âđĄïž User Funds Safe: Bitget CEO Gracy Chen confirmed that user funds are 100% protected and losses will be fully covered by the exchange's $464 million User Protection Fund.
âđŻ Prime Suspect: Initial investigations indicate the exploit bears signatures linked to state-sponsored North Korean hacking groups.
âTrading and deposits remain online as security partners work to track and freeze the stolen assets.
âStay tuned for live updates as the situation unfolds!
Crypto exchange Bitget suffered a major security breach, with hackers draining over $350 million from the platform's hot wallets. Attackers reportedly compromised a backend system to spoof transaction data, triggering automated approvals across multiple chainsâwith XRP and Ethereum taking the biggest hits.
âWhat you need to know:
âđ Withdrawals Suspended: Bitget temporarily halted all user withdrawals while security teams complete forensic reviews.
âđĄïž User Funds Safe: Bitget CEO Gracy Chen confirmed that user funds are 100% protected and losses will be fully covered by the exchange's $464 million User Protection Fund.
âđŻ Prime Suspect: Initial investigations indicate the exploit bears signatures linked to state-sponsored North Korean hacking groups.
âTrading and deposits remain online as security partners work to track and freeze the stolen assets.
âStay tuned for live updates as the situation unfolds!
