Bitget Exchange Hit by Multi-Million Dollar Breach
Bitget, a cryptocurrency exchange, has been affected by a significant breach. According to Chief Executive Gracy Chen, unauthorized transfers have occurred from some of its hot- and warm-wallet infrastructure.
The company activated emergency response protocols after detecting the issue. Assets worth an estimated $351.6 million are impacted as a result.
Bitget has halted withdrawals as it works to resolve the situation.