Bitget Freezes Withdrawals After $352M Wallet Breach
Bitget, a cryptocurrency derivatives exchange, has halted withdrawals after discovering a breach of its USD wallet. The breach resulted in an estimated loss of $352 million.
The incident was confirmed by Bitget's team, who stated that the issue had been identified and measures were being taken to rectify it.
No further information on the breach or how it occurred has been disclosed by the exchange. It is unclear when withdrawals will resume.