Bitget 'Potentially Hacked' as $183 Million Vanishes From Exchange Wallets
Summary
About $183 million in crypto appears to have been drained from Bitget wallets in a suspected hack, based on on-chain data and analysts’ alerts; Bitget has not confirmed the exploit. The first suspicious movement came from a hot wallet, which sent about $19.67 million in USDT0 to a fresh address that quickly swapped it for 7,111 ETH via UniswapX and 1inch Fusion, paying a premium to move fast. Additional transfers reportedly moved ETH, AVAX, BNB, USDC, USDT, and XAUT to the same destination across multiple chains. The activity then paused, suggesting Bitget may have frozen withdrawals while investigating. Bitget had previously said it maintained a $300 million protection fund for hacks and theft.
