Bitget Confirms $351M Security Breach, Withdrawals Suspended
- Bitget reported unauthorized transfers impacting approximately $351.6 million in assets.
- Withdrawals have been temporarily suspended while the exchange investigates the breach.
- The incident was detected at 18:31 UTC on Thursday, involving a limited number of hot wallets.
- CEO Gracy Chen stated that cold wallets remain secure and user account balances are accurate.
- Bitget’s User Protection Fund currently holds over $464 million to cover the losses.
The security breach has prompted Bitget to activate emergency response procedures and contact law enforcement for assistance. The exchange plans to provide updates every hour and will publish a full incident report within a day.
As of now, the total amount affected by the breach is $351.6 million, which falls under Bitget’s User Protection Fund of over $464 million.(Source)
