Bitget Suffers Record-Breaking $350M Crypto Heist

Crypto exchange Bitget has reported a significant breach, revealing that approximately $350 million in cryptocurrency had been stolen from its platform.

The incident has drawn renewed attention to the crypto industry's vulnerability to hacking attacks. Researchers at TRM Labs have previously highlighted the issue, citing that nearly $2.9 billion was stolen in over 150 separate attacks last year alone.

This latest breach is not an isolated incident; a review of past attacks shows how one breach can reshape the crypto market. A record-breaking Ethereum haul and Tokyo exchange collapse are just two examples of significant losses suffered by platforms in recent years.