Bitget starts phased withdrawal resumption following $388 million exploit

The exchange said it has patched the vulnerability, and losses from the incident will be fully covered by a user protection fund.
Key Takeaways
- The exchange said it has patched the vulnerability, and losses from the incident will be fully covered by a user protection fund.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Security

Crypto scammers built an entire fake blockchain to steal over $2 million
Scammers built a counterfeit version of Upbit-backed GIWA blockchain and lured 1,333 wallets into depositing 767 ETH, worth about $2 million, before draining almost all of it. The fake network appeared to be GIWA’s anticipated Ethereum Layer 2 mainnet,…

Scammers Launch Fake ETH L2 to Steal $2M From Crypto Traders
An unidentified group of threat actors launched a fake L2 chain impersonating Giwa, a project backed by Upbit, identified by DYORSWAP, a multichain decentralized exchange. Over 760 ETH bridged to the chain were lost, and DYORSWAP announced a compensation…

Zano rolls blockchain back a month after Gateway Address exploit
The Zano blockchain has been restarted at the block height that came immediately before Hard Fork 6, which introduced Gateway Addresses.