Bitget Halts Withdrawals After Massive Hot Wallet Hack

Bitget, a cryptocurrency derivatives trading platform, has temporarily suspended withdrawals following a security breach of its hot wallet. The incident resulted in the loss of $351.6 million worth of cryptocurrencies.

The company stated that it is working to resolve the issue and will provide updates as necessary. It did not specify when withdrawals would resume or how long the suspension would last.

The security breach has left users concerned about their assets' safety on the platform. Bitget assured its customers that they are doing everything in their power to prevent similar incidents in the future.