Crypto exchange Bitget says $352 million affected in a hack, claims user funds are 'safe'
Summary
Bitget CEO Gracy Chen said a system breach exposed $351.6 million through unauthorized transfers from some hot wallets. She said cold wallets and user funds were safe, and the exchange’s $464 million-plus protection fund remained available. Deposits and trading continued, but withdrawals were paused during a security review. Earlier on-chain reports flagged unusual transfers, with Arkham Intelligence identifying movements across multiple wallets and blockchains. Bitget promised an incident report within 24 hours. Its BGB token fell 2.9%, while Bitcoin and ether were little changed.
