Bitget Potentially Hacked as $183 Million Drains from Exchange Wallets

Key Facts

Approximately $183 million in cryptocurrency vanished from wallets associated with the Bitget exchange, leading to widespread reports of a potential security breach. Decrypt reported that hot and cold reserves labeled as belonging to Bitget were drained across multiple blockchains in under an hour.

Newly created wallet addresses systematically drained funds from the exchange's reserves, involving assets such as ETH, AVAX, BNB, and various stablecoins. While specific price data for the exchange's native instruments is currently unavailable, the nature of the outflows suggests a coordinated exploit that has undermined market confidence.