$170M Crypto Moves Spark Security Concerns at Bitget Exchange
A potential security breach has been flagged at cryptocurrency exchange Bitget after over $170 million in crypto was moved from Bitget-linked wallets to an unlabelled address. The claim remains unconfirmed, and neither the attack method nor the final loss total has been established.
The transfers reportedly involved hot and cold wallets, with assets including ETH, USDT, USDC, AVAX, and BNB moving to a single address over roughly an hour. The recipient address does not appear to be labelled as belonging to Bitget or its known wallet structure.
Wu Blockchain linked the activity to 0x770b10b273fC44Fe9197D6bF20F145c2e98463Ee, but stressed that the attack vector and total losses remain unconfirmed. The on-chain trail suggests a complex sequence of wallet movements, but it is unclear whether the transfers were authorised or represent an unauthorised outflow.
Bitget has not publicly commented on the incident, and the exchange's control over the receiving address remains unknown. A formal statement from Bitget will be crucial in determining the nature of the incident and its impact on users and platform services.