Major Security Update: Bitget Exchange Exploit
On the 25th, a major security breach hit the Bitget exchange, resulting in approximately $351.6 million being drained from some of its hot wallets.
Current suspicions heavily point towards a North Korean hacker group being behind this sophisticated attack, and the stolen assets are already being rapidly swapped and bridged across different chains.
The Good News for Users:
Bitget has officially confirmed that all their cold wallets remain completely secure. Most importantly, user funds are 100% safe and fully covered by the exchange's $464M+ User Protection Fund.
While it is concerning to see the funds moving, I am highly optimistic that the team will track them down and the entire stolen amount will be successfully recovered very soon.đ„șđ„ș
On the 25th, a major security breach hit the Bitget exchange, resulting in approximately $351.6 million being drained from some of its hot wallets.
Current suspicions heavily point towards a North Korean hacker group being behind this sophisticated attack, and the stolen assets are already being rapidly swapped and bridged across different chains.
The Good News for Users:
Bitget has officially confirmed that all their cold wallets remain completely secure. Most importantly, user funds are 100% safe and fully covered by the exchange's $464M+ User Protection Fund.
While it is concerning to see the funds moving, I am highly optimistic that the team will track them down and the entire stolen amount will be successfully recovered very soon.đ„șđ„ș
