Bitget successfully handled a massive wave of $ETH ETH withdrawals, turning initial user panic into a net inflow.
According to on-chain data, a suspected Bitget hot wallet (0xED9...) held 30,000 $ETH ETH before withdrawals opened. Within the first 30 minutes, anxious users pulled funds, dropping the balance to 25,000 ETH.$ETH
However, because the exchange processed everything smoothly, user confidence quickly returned. Funds flooded back, pushing the wallet's balance right back above 30,000 ETH and securing a net positive inflow.
According to on-chain data, a suspected Bitget hot wallet (0xED9...) held 30,000 $ETH ETH before withdrawals opened. Within the first 30 minutes, anxious users pulled funds, dropping the balance to 25,000 ETH.$ETH
However, because the exchange processed everything smoothly, user confidence quickly returned. Funds flooded back, pushing the wallet's balance right back above 30,000 ETH and securing a net positive inflow.