🚨 BITGET SECURITY ALERT: $351.6M AFFECTED
Crypto market is watching Bitget closely after the exchange confirmed unauthorized transfers from some of its hot wallets.
According to Bitget CEO Gracy Chen, around $351.6 MILLION in assets were affected. 🛡️
The important points:
🔹 Bitget says cold wallets remain fully secure
🔹 User account balances remain protected
🔹 Withdrawals are temporarily paused for a security review
🔹 Deposits and trading remain operational
🔹 Bitget says its User Protection Fund holds more than $464M
🔹 A full incident report with the root cause is expected within 24 hours
On-chain researchers had initially detected unusual movements involving assets such as $ETH , $BNB , $AVAX and USDT0, before Bitget publicly confirmed the incident.
⚠️ Market impact:
BGB came under pressure after the news, while BTC and ETH also showed modest weakness. The biggest question now is how the breach happened and when withdrawals will fully resume.
📌 Don't panic — watch the official Bitget updates and avoid unverified links or withdrawal instructions.
What do you think: Will BGB recover after the security investigation is completed?
#Bitget #BGB #CryptoNews #CryptoSecurity #Bitcoin #Ethereum #CryptoMarket #Web3 #BinanceSquare #WriteToEarn
Crypto market is watching Bitget closely after the exchange confirmed unauthorized transfers from some of its hot wallets.
According to Bitget CEO Gracy Chen, around $351.6 MILLION in assets were affected. 🛡️
The important points:
🔹 Bitget says cold wallets remain fully secure
🔹 User account balances remain protected
🔹 Withdrawals are temporarily paused for a security review
🔹 Deposits and trading remain operational
🔹 Bitget says its User Protection Fund holds more than $464M
🔹 A full incident report with the root cause is expected within 24 hours
On-chain researchers had initially detected unusual movements involving assets such as $ETH , $BNB , $AVAX and USDT0, before Bitget publicly confirmed the incident.
⚠️ Market impact:
BGB came under pressure after the news, while BTC and ETH also showed modest weakness. The biggest question now is how the breach happened and when withdrawals will fully resume.
📌 Don't panic — watch the official Bitget updates and avoid unverified links or withdrawal instructions.
What do you think: Will BGB recover after the security investigation is completed?
#Bitget #BGB #CryptoNews #CryptoSecurity #Bitcoin #Ethereum #CryptoMarket #Web3 #BinanceSquare #WriteToEarn
