Bitget Reports $388 Million in Assets Affected by Security Breach
- Bitget confirmed approximately $388 million in assets were affected by the recent security breach, up from a previous estimate of $352 million.
- The exchange reported that $387.5 million was transferred to addresses controlled by attackers, based on on-chain tracing.
- Affected assets include Ether (ETH), XRP, Tether’s USDt (USDT), and Zcash (ZEC).
- Withdrawals have been paused as Bitget initiates a bounty program to recover or freeze the stolen assets.
- The breach is noted as one of the largest in the industry, with a similar incident involving Bybit resulting in the theft of about $1.5 billion worth of Ether.
The updated report from Bitget highlights the significant impact of this security breach across multiple networks, including Ethereum Virtual Machine (EVM) networks and TRON. The company assures that no further unauthorized transfers are possible and continues to investigate the incident.
With $387.5 million already transferred to hacker-controlled addresses, this incident underscores ongoing vulnerabilities within cryptocurrency exchanges.(Source)
