Bitget Reports $157.5M Unauthorized XRP Transfers Following Wallet Breach

Key Facts

1Bitget reported unauthorized transfers of $157.5 million in XRP affecting its hot and warm wallets.

2The exchange confirmed cold wallets remain secure, while withdrawals have been temporarily suspended as a precaution.

Bitget reported unauthorized transfers of $157.5 million in XRP affecting its hot and warm wallet infrastructure. Tokenpost reported that the exchange has temporarily suspended withdrawals as a precautionary measure to secure remaining assets following the breach.

The exchange confirmed that its cold wallets remain secure and were not impacted by the security incident. Market participants are assessing the impact on exchange credibility while withdrawal services remain halted.