Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387 million haul
Bitget reported processing 4,098 BTC in withdrawal orders after resuming Bitcoin withdrawals following its $387.5 million hack. DeFiLlama showed tracked reserves falling by about 4,642 BTC, though wallet movements or coverage differences may explain the gap. The exchange says attackers used third-party product vulnerabilities and internal credentials to bypass risk controls; it has isolated systems and says customers will not bear losses, with its Protection Fund covering the shortfall. Investigators are tracing funds allegedly routed through bridges and mixers. The incident has also intensified a dispute over THORChain’s refusal to selectively block transactions, despite security firms citing operator controls and estimating substantial stolen assets have passed through the protocol.
