Bitget Reports $351.6 Million Security Breach from Hot Wallets
What happened
Bitget confirmed a security breach involving unauthorized transfers of approximately $351.6 million from its hot and warm wallets.
The Context
- Emergency protocols activated: Bitget detected the breach at 18:31 UTC and suspended withdrawals while ensuring cold wallets remained secure.
- User Protection Fund intact: The exchange's User Protection Fund exceeds $464 million, aimed at safeguarding customer assets.
- Ongoing scrutiny: This incident occurs amid heightened concerns over cryptocurrency exchange security following several high-profile exploits in 2026.
The Number
— the estimated value of assets affected by unauthorized transfers, underscoring the financial risks associated with crypto trading platforms.
Takeaway
As Bitget navigates this breach, expect increased scrutiny on security measures across the cryptocurrency sector.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
Bitget CEO suspects North Korea behind $352M hack, citing IP clues
Bitget CEO Gracy Chen has indicated that a preliminary investigation into a $352 million hack suggests North Korean involvement, citing IP addresses linked to a known DPRK hacking group. This revelation raises concerns about the security of cryptocur...
Curated tech headlines including AI stories.
"Influential aggregator surfacing the day’s top tech/AI links."
— A47 Editor
Bitget halts withdrawals after detecting unauthorized transfers from some hot and warm wallets, affecting ~$351.6M; CEO Gracy Chen says "user funds are safe" (Matthew Brockett/Bloomberg)
Bitget, a cryptocurrency exchange, has halted withdrawals after detecting unauthorized transfers from its hot and warm wallets, impacting approximately $351.6 million. CEO Gracy Chen reassured users that their funds remain safe despite the breach.
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"CoinDesk is a well-established cryptocurrency and blockchain news provider, offering comprehensive insights, market data, and industry research."
— A47 Editor
Crypto exchange Bitget says $352 million affected in a hack, claims user funds are 'safe'
Bitget, a cryptocurrency exchange, has confirmed a significant security breach resulting in unauthorized transfers totaling $352 million. The announcement came shortly after independent researchers detected unusual wallet movements, prompting CEO Gra...
Research, news, and analysis on blockchain startups, DeFi, and regulations.
"Crypto Briefing provides research, news, and analysis on blockchain startups, DeFi, and crypto regulations with investor-focused coverage."
— A47 Editor
Bitget confirms over $350M breach and temporarily pauses withdrawals
Bitget has confirmed a significant security breach involving unauthorized transfers totaling $351.6 million, leading to a temporary suspension of withdrawals. CEO Gracy Chen reassured users that customer funds remain protected despite the incident.
Covers Bitcoin plus altcoin news, market updates, and educational resources.
"Bitcoin.com provides news, market data, and guides focused on Bitcoin and the wider crypto industry."
— A47 Editor
Bitget Hit by $351M Hack, Withdrawals Frozen as Probe Begins
Bitget, a prominent cryptocurrency exchange, has reported a significant security breach resulting in unauthorized transfers totaling $351 million, leading to the suspension of withdrawals as an investigation begins. CEO Gracy Chen indicated that prel...