❤️🔥❤️🔥 ALERT : Bitget has confirmed a security breach affecting approximately $351.6 million in assets from its hot and warm wallets .$ALEO $SAGA
💰 The Incident
· Confirmed Loss: CEO Gracy Chen confirmed the breach after initial on-chain tracking showed roughly $183 million moving out before the total was updated .
· Funds Status: Cold wallets remain fully secure. User funds are safe, and the loss is fully covered by Bitget's $464 million User Protection Fund .
🚨 Exchange Response
· Withdrawals Suspended: Withdrawals were temporarily paused as a security precaution, though deposits and trading remain operational .
· Investigations Ongoing: Bitget has contacted law enforcement and on-chain security firms. A full incident report detailing the root cause is expected within 24 hours .
💰 The Incident
· Confirmed Loss: CEO Gracy Chen confirmed the breach after initial on-chain tracking showed roughly $183 million moving out before the total was updated .
· Funds Status: Cold wallets remain fully secure. User funds are safe, and the loss is fully covered by Bitget's $464 million User Protection Fund .
🚨 Exchange Response
· Withdrawals Suspended: Withdrawals were temporarily paused as a security precaution, though deposits and trading remain operational .
· Investigations Ongoing: Bitget has contacted law enforcement and on-chain security firms. A full incident report detailing the root cause is expected within 24 hours .
