Bitget Suspends Withdrawals After $351.6 Million Crypto Breach

Bitget, a prominent cryptocurrency exchange, has temporarily suspended customer withdrawals after detecting an unauthorized movement of approximately $351.6 million in cryptocurrency.

The incident did not affect the balances displayed in customer accounts, and Bitget stated that it would use its own protection reserves to cover the loss.

The move aims to prevent further unauthorized transfers while the exchange investigates the breach.

The scale of the theft has sent ripples through the cryptocurrency industry, highlighting vulnerabilities even among established platforms.