Bitget faces hack concerns after over $180 million in crypto moves: Onchain data

Bitget faces hack concerns after over $180 million in crypto moves: Onchain data

Bitget has not yet commented on the suspected breach.

Digital asset exchange Bitget may have suffered a wallet compromise after analysts identified unusual cross-chain transfers and an outsized purchase of Ether.

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The transfers took place Thursday afternoon and appeared to involve three hot wallets and one cold wallet belonging to the crypto exchange, according to DCF GOD, a pseudonymous crypto influencer, angel investor and market analyst.

More than $180 million worth of assets were reportedly withdrawn and swapped for ETH at the time of publication, the analyst said.

The scope of the incident, attack method and potential losses have not been confirmed, and Bitget has yet to comment on the suspected hack.

This is a developing story. More information will be added as the situation develops.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Bitget faces hack concerns after over $180 million in crypto moves: Onchain data
Bitget faces hack concerns after over $180 million in crypto moves: Onchain data

Bitget has not yet commented on the suspected breach.

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Digital asset exchange Bitget may have suffered a wallet compromise after analysts identified unusual cross-chain transfers and an outsized purchase of Ether.

Advertisement

The transfers took place Thursday afternoon and appeared to involve three hot wallets and one cold wallet belonging to the crypto exchange, according to DCF GOD, a pseudonymous crypto influencer, angel investor and market analyst.

More than $180 million worth of assets were reportedly withdrawn and swapped for ETH at the time of publication, the analyst said.

The scope of the incident, attack method and potential losses have not been confirmed, and Bitget has yet to comment on the suspected hack.

This is a developing story. More information will be added as the situation develops.

Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.