🔐 Bitget Confirms $351.6M Security Breach

Bitget has confirmed a $351.6 million hack, making it one of the largest centralized exchange security incidents of 2026.

The breach was first flagged through unusual on-chain activity, with initial estimates of $150–170 million in outflows from Bitget-labeled wallets before the full scale became clear. Affected assets span XRP, Ethereum, stablecoins, and tokenized assets. The incident unfolded alongside Binance's separate $100 million investment in stablecoin issuer Circle.

Centralized exchanges remain a primary target for large-scale crypto theft, with this breach adding to a growing list of major security incidents in the industry.