September 25, 17:17

Bitget clarifies $388 million affected by security breach

Bitget Clarifies $388M in Assets Affected by Security Breach

Cointelegraph

Bitget said about $388 million in assets were affected by its security breach. The exchange confirmed that $387.5 million had been transferred to attacker-controlled addresses. The revised figure was about $35 million higher than the previous estimate of $352 million. Bitget said the update included affected assets on Zcash and TRON. Bitget said the incident remained contained. Bitget said no further unauthorized transfers were possible. Bitget said it would continue to pause withdrawals. The exchange launched a bounty program to encourage freezing or recovering the assets. The incident included addresses on Ethereum Virtual Machine networks, the XRP Ledger, Zcash and TRON. The stolen assets included XRP, Ether, USDt, Zcash, USDC, USDT0, XAUt, BNB, AVAX and TRX. The follow-up report did not address CEO Gracy Chen's speculation that a North Korean hacking group may have been behind the attack. Hackers stole about $1.5 billion worth of Ether from Bybit in February 2025.

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