Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
60-second summary
Bitget suffers a coordinated hack that empties roughly $350 million from newly created wallets linked to its hot and cold reserves across several blockchains in under an hour, investigators say. The breach exploits the exchange’s multi‑chain custody, prompting immediate asset freezes and heightened security audits.
A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.