Crypto exchange Bitget has confirmed unauthorized transfers affecting approximately $351.6 million in assets and temporarily suspended withdrawals as it investigates the security breach.
Bitget said its security systems detected the transfers involving a limited number of hot wallets at 18:31 UTC on Thursday, prompting the exchange to activate emergency response procedures.
Bitget CEO Gracy Chen said the breach was contained to a portion of the exchange’s hot and warm wallet layers, while its cold wallets remained secure.
Speaking in a live Q&A, Chen said affected assets included Ether (ETH), XRP (XRP), USDt (USDT), USDC (USDC), Avalanche (AVAX), BNB (BNB) and USDT0 (USDT0) on Arbitrum. She identified Ethereum, the XRP Ledger, Avalanche, BNB Smart Chain and Arbitrum as affected networks, with Ethereum accounting for the main concentration of observed stolen funds.
Early onchain reporting captured a smaller amount than Bitget…
