Bitget Restarts Bitcoin Withdrawals as $388M Hack Investigation Widens
Bitget told Bitcoin.com News that it has started restoring withdrawals after attackers exploited a third-party security vulnerability to steal approximately $388 million from the cryptocurrency exchange. The crypto exchange said its private keys and cold wallets were never compromised, while customer balances remain intact. By Monday morning, Bitget had processed 9,585 bitcoin withdrawals totaling 4,098 […]
Key Takeaways
- Bitget told Bitcoin.com News that it has started restoring withdrawals after attackers exploited a third-party security vulnerability to steal approximately $388 million from the cryptocurrency exchange.
- The crypto exchange said its private keys and cold wallets were never compromised, while customer balances remain intact.
- By Monday morning, Bitget had processed 9,585 bitcoin withdrawals totaling 4,098 […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
SEC Commissioner Hester Peirce reflects on her time at the agency, what she still wanted to get done: ‘There’s no good time to leave’
After nearly a decade at the Securities and Exchange Commission, Hester Peirce is wrapping up her last week at the agency.
Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance
Applications can begin under the new rules, while firms still need Bank of Russia decisions and retail asset eligibility remains separate. The post Russia lets crypto exchanges apply October 5 – but even Bitcoin lacks final retail clearance appeared first on…
The restaking gold rush is over, and top protocols are barely making a profit
As restaking yields dried up and smart-contract risks mounted, Ethereum's top liquid restaking protocol walked away from its core business to build a crypto neobank instead.