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Bitget Exchange Reportedly Hacked For Over $170 Million

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Bitget Exchange Reportedly Hacked For Over $170 Million

Bitget is facing hack speculation after users reported withdrawal problems, and on-chain data showed roughly $176 million moving from wallets labelled as belonging to the exchange. Arkham data shows a series of large transfers taking place within around 20 minutes. The funds came from several Bitget-labelled hot wallets and at least one cold wallet. One The post Bitget Exchange Reportedly Hacked For Over $170 Million appeared first on BeInCrypto.

Key Takeaways

  1. Bitget is facing hack speculation after users reported withdrawal problems, and on-chain data showed roughly $176 million moving from wallets labelled as belonging to the exchange.
  2. Arkham data shows a series of large transfers taking place within around 20 minutes.
  3. The funds came from several Bitget-labelled hot wallets and at least one cold wallet.
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Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.