Whenever an exchange gets hacked, the most common thing that happens is panic. People see a huge amount of money moved from an exchange and the first thought is usually, “Get your funds out before it’s too late.” We have seen this play out before. Bitfinex lost 119,754 $BTC in 2016, while Bybit suffered a roughly $1.5B theft in 2025. In situations like these, the first few hours are often filled with speculation, screenshots and rumours before the full picture becomes clear. That is why I am trying not to react to the headline alone. The latest incident involves around $351.6M in unauthorized transfers from parts of Bitget’s hot and warm wallet infrastructure. Bitget says its cold wallets remain secure, withdrawals were temporarily suspended as a precaution, and the reported loss falls within its $464M+ User Protection Fund. The company says its security team detected the activity at 18:31 UTC, flagged the relevant addresses, and brought in law enforcement and on-chain security firms. It has also committed to regular updates and a full incident report covering the root cause and corrective actions. I use Bitget and have funds there, so obviously I’m paying attention. But I’m not withdrawing because of rumours or trying to make a decision before the investigation is complete. For now, I’m watching the official updates and waiting for the facts. When something like this happens, concern is reasonable. Panic doesn’t give you more information.