Confluence News

Bitget confirms $351M hack, suspends withdrawals

News-screening summary only. This is not investment advice and does not confirm market response.

Bitget confirmed a security breach resulting in approximately $351.6 million of unauthorized transfers from its hot and warm wallets, leading to a temporary withdrawal suspension while the exchange investigates and works with law enforcement.

Status
Active
Confirmation
Confirmed
Event type
SECURITY_INCIDENT
Market scope
ASSET
Direction
-2
Impact / urgency
4 / 4
Impact category
HIGH
Risk stance
RISK OFF
Promotion
ALERT · 78/100
Promotion reason
High-impact confirmed security breach affecting a major crypto exchange with substantial funds at risk.
Duration class
SHORT
Assets
None listed
Sectors
None listed
First detected
Impact started
Scheduled for
Not published
Occurred at
Not published

Sources

Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets

Decrypt — RSS · ESTABLISHED_MEDIA · Confirming

Asia dominates Crypto Adoption Index, Bitget’s $351M hack: Asia Express

Cointelegraph — RSS · ESTABLISHED_MEDIA · Best available