Bitget

Bitget raises hack estimate to $387.5 million and lays out withdrawal restart plan

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Bitget raises hack estimate to 7.5 million and lays out withdrawal restart plan

TL;DR Bitget increased the confirmed value of assets transferred to addresses controlled by the attacker from $351.6 million to approximately $387.5 million. The exchange says the underlying security vulnerability has been identified and addressed. Withdrawals are scheduled to return in stages, starting with Bitcoin on September 28 and continuing until October 2. Bitget posted a … Read more

Bitget confirms hot wallet breach worth $351.6 million and temporarily halts withdrawals

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Bitget confirms hot wallet breach worth 1.6 million and temporarily halts withdrawals

Bitget says the unauthorized transfers impacted approximately $351.6 million held in parts of its hot and warm wallet infrastructure. The exchange says its cold wallets were not affected and that a $464 million user protection fund covered the loss. Withdrawals have been temporarily suspended while Bitget investigates the breach with law enforcement and security companies. … Read more