Bitget Security Breach Losses Revised to $387.5 Million

Bitget, a cryptocurrency exchange, has updated its accounting of losses from last week's security breach. The revised figure now stands at $387.5 million in assets transferred to attacker-controlled addresses, up from an initial estimate of $352 million.

The exchange attributed the adjustment to additional affected assets on Zcash and TRON that were left out of the initial estimate. Bitget emphasized that the incident remains contained and no further unauthorized transfers are possible.

Withdrawals remain paused as the platform continues its efforts to freeze or recover the affected assets. To this end, Bitget has launched a bounty program aimed at incentivizing such efforts.