Crypto exchange Bitget confirmed a $351.6 million security breach after attackers drained several hot wallets, moved assets across chains, and converted stablecoins into Ethereum during rapid transactions.
Bitget Confirms $351.6 Million Hot Wallet Breach
Bitget detected unauthorized transfers at 18:31 UTC on September 24, CEO Gracy Chen said. Within minutes, the security teams went into emergency mode and limited withdrawals during the investigation.
The attack has impacted certain portions of Bitget’s hot and warm wallet infrastructure, said Chen. She added that company cold wallets remained secure throughout the incident.
“User funds are safe,” says a security notice published on X by Chen. She said Bitget’s…
