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Bitget Hit by $351M Hack, Withdrawals Frozen as Probe Begins

News.Bitcoin.com
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Bitget Hit by $351M Hack, Withdrawals Frozen as Probe Begins

What began as hundreds of millions of dollars mysteriously moving from Bitget-labeled wallets now has an answer. Bitget founder Gracy Chen disclosed Thursday that the crypto exchange suffered unauthorized transfers from portions of its hot and warm wallet infrastructure, with the damage estimated at approximately $351.6 million. Tens of Millions in Onchain Transfers Flagged From […]

Key Takeaways

  1. What began as hundreds of millions of dollars mysteriously moving from Bitget-labeled wallets now has an answer.
  2. Bitget founder Gracy Chen disclosed Thursday that the crypto exchange suffered unauthorized transfers from portions of its hot and warm wallet infrastructure, with the damage estimated at approximately $351.6 million.
  3. Tens of Millions in Onchain Transfers Flagged From […]
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Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.