Bitget has acknowledged a major security breach resulting in the loss of $351.6 million, ranking among the top centralized exchange exploits recorded in 2026.
The attack was initially picked up by on-chain monitors after detecting irregular transaction flows, with preliminary figures indicating $150–$170 million leaving exchange-managed wallets before the total damage was confirmed. A wide range of crypto assets was stolen, including $XRP ,$ETH , various stablecoins, and tokenized products. Meanwhile, the breach occurred alongside a separate news development: Binance committing $100 million to Circle, the issuer behind USDC.
The event underscores the ongoing security vulnerabilities facing centralized platforms, which continue to be primary targets for large-scale exploits across the crypto landscape.
The attack was initially picked up by on-chain monitors after detecting irregular transaction flows, with preliminary figures indicating $150–$170 million leaving exchange-managed wallets before the total damage was confirmed. A wide range of crypto assets was stolen, including $XRP ,$ETH , various stablecoins, and tokenized products. Meanwhile, the breach occurred alongside a separate news development: Binance committing $100 million to Circle, the issuer behind USDC.
The event underscores the ongoing security vulnerabilities facing centralized platforms, which continue to be primary targets for large-scale exploits across the crypto landscape.