Bitget CEO Gracy Chen said that at 2:31 p.m. ET on September 24, the exchange detected unauthorized...

Bitget CEO Gracy Chen said that at 2:31 p.m. ET on September 24, the exchange detected unauthorized transfers from some hot wallets, with approximately $351.6 million affected. Bitget said its cold wallets remain secure and the breach was limited to portions of its hot and warm wallet layers. User funds are fully covered by the exchange’s User Protection Fund, which currently holds more than $464 million. Bitget has flagged the abnormal transfer addresses, notified law enforcement and on-chain security firms, and temporarily suspended withdrawals, while deposits and trading remain operational. The exchange said it will provide hourly updates and publish a full incident report with root-cause analysis and corrective actions within 24 hours.

Source: Wu Blockchain