🚨 BITGET HACK: $350M+ MOVED — AND ETH IS AT THE CENTER OF IT 👀🔥
The Bitget security incident has turned into a major crypto story, with more than $350M in assets reportedly affected. The funds span XRP, ETH, USDT, USDC, BNB, AVAX, TRX and tokenized gold. 💰
But the biggest question is: Where is the money going? 👇
On-chain tracking shows the attacker has been swapping several assets into Ethereum (ETH) across decentralized trading routes.
One reported transaction converted roughly $19.67M USDT0 into 7,111 ETH. Other tracking has identified a much larger ETH position linked to the attacker.
eth
The attacker may simply be consolidating the stolen assets into a more liquid cryptocurrency that can potentially be moved across wallets or sold later. Large swaps can also temporarily influence liquidity and price, but that doesn’t mean the broader ETH rally is being caused by the hack.
👀 Hacker wallet activity
👀 Large ETH transfers
👀 ETH exchange deposits
👀 Potential sell pressure
👀 Cross-chain movements
👀 New Bitget security updates
Bitget has said withdrawals were temporarily paused during its response, while the exchange also stated that its User Protection Fund exceeds $464M.
For traders, the next major wallet movement could reveal whether the attacker is preparing to move, sell, or further obscure the stolen funds.
#Bitget #Ethereum #ETH #CryptoNews #Crypto #Bitcoin #Blockchain #DeFi #Altcoins #CryptoSecurity #BinanceSquare
The Bitget security incident has turned into a major crypto story, with more than $350M in assets reportedly affected. The funds span XRP, ETH, USDT, USDC, BNB, AVAX, TRX and tokenized gold. 💰
But the biggest question is: Where is the money going? 👇
On-chain tracking shows the attacker has been swapping several assets into Ethereum (ETH) across decentralized trading routes.
One reported transaction converted roughly $19.67M USDT0 into 7,111 ETH. Other tracking has identified a much larger ETH position linked to the attacker.
eth
The attacker may simply be consolidating the stolen assets into a more liquid cryptocurrency that can potentially be moved across wallets or sold later. Large swaps can also temporarily influence liquidity and price, but that doesn’t mean the broader ETH rally is being caused by the hack.
👀 Hacker wallet activity
👀 Large ETH transfers
👀 ETH exchange deposits
👀 Potential sell pressure
👀 Cross-chain movements
👀 New Bitget security updates
Bitget has said withdrawals were temporarily paused during its response, while the exchange also stated that its User Protection Fund exceeds $464M.
For traders, the next major wallet movement could reveal whether the attacker is preparing to move, sell, or further obscure the stolen funds.
#Bitget #Ethereum #ETH #CryptoNews #Crypto #Bitcoin #Blockchain #DeFi #Altcoins #CryptoSecurity #BinanceSquare