Bitget Under Investigation After Potential Hack Involving $180M
Bitget, a centralized cryptocurrency exchange, is under investigation following reports of a potential hack involving the transfer of over $180 million across various blockchain platforms.
The activity reportedly included the purchase of 7,111 ETH using funds from a hot wallet, raising concerns about unauthorized access to the exchange's security systems.
This development has prompted market participants to reassess security risks associated with centralized exchanges, particularly given Bitget’s history of security advisories regarding hot wallet vulnerabilities.
Market data suggests that expectations for Bitcoin’s price to remain above certain thresholds by September 28 have seen minor fluctuations, with the probability of Bitcoin staying above $80,000 currently standing at 94.4%.