In brief
- On-chain data shows roughly $183 million in ETH, USDT, USDC, AVAX, BNB, and other tokens moved from wallets labeled as Bitget’s to a single address over about an hour on Thursday.
- A freshly created wallet spent $19.67 million in USDT0 to buy 7,111 ETH in six minutes on Arbitrum, paying up to 5% above market price through decentralized exchanges UniswapX and 1inch Fusion.
- Users report blocked withdrawals and Bitget has since confirmed the hack following publication.
More than $350 million in crypto assets has been drained from wallets belonging to cryptocurrency exchange Bitget in a confirmed hack, according to CEO Gracy Chen.
Chen said company cold wallets, those held offline, remain “fully secure,” and that only the exchange’s…
