Crypto
Bitget Hit by $351M Hot Wallet Breach
Bitget detected unauthorized transactions from its hot wallets on September 24, with estimated losses reaching $351.6 million.
The security team at Bitget took swift action to contain the incident and protect affected systems.
Citing customer safety, Bitget has temporarily halted withdrawals for additional security checks while continuing to operate trading and deposits.
The company's CEO Gracy Chen emphasized that customer balances remain secure, with assets covered by the Bitget User Protection Fund, which currently holds approximately $464 million in BTC.