Bitget Revises Stolen Crypto Estimate to $387.5 Million Amid Ongoing Breach

Bitget has revised its estimate of the theft from a recent security breach to $387.5 million, following an initial estimate of $351.6 million. The exchange reported that this amount was transferred to attacker-controlled addresses during the breach.

The stolen funds appear to be moving through various wallets, with some XRP being sold at current market prices. This has led Bitget to raise its estimated loss from the breach.

Bitget is working to trace and recover the assets affected by the security breach. The exchange has not disclosed further details about the breach or the steps it is taking to mitigate any potential damage.