Bitget reports $351.6 million theft from hot wallets
Cryptocurrency exchange Bitget says hackers obtained unauthorised access to its hot wallets and stole assets worth $351.6 million. The company has said customer funds are safe, but the available information does not specify when the breach occurred, which assets were taken or how the exchange plans to respond.
Cryptocurrency exchange Bitget says hackers stole $351.6 million after gaining unauthorised access to its hot wallets. The exchange described the incident as a security breach involving wallets used to hold cryptocurrency in an online environment. The available information does not identify the attackers or explain how access was obtained.
Bitget has reportedly said that user funds are safe. It did not provide, in the supplied material, a breakdown of the stolen assets or clarify whether the loss involved company-held funds, operational reserves or another category of cryptocurrency. No details were provided on when the theft took place, whether the wallets have been secured, or whether law-enforcement agencies or blockchain investigators are involved.
The supplied report also does not state whether Bitget has recovered any of the funds. The incident adds to security concerns surrounding cryptocurrency exchanges, although no wider impact is identified in the available account. Bitget’s statement, as reported by Punch Nigeria, is the source of the information about both the theft and the company’s assurance regarding customer funds.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.