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      Bitget Hack Results in $193 Million Theft from EVM Chain

      Bitget, a cryptocurrency exchange, has reported a significant security breach resulting in the theft of approximately $351.6 million in assets. Of this total, around $192.6 million was stolen from the Ethereum Virtual Machine (EVM) chain, primarily consisting of stablecoins and Ethereum (ETH).

      On-chain analyst Yu Jin has been monitoring the situation and noted that the hacker has been actively exchanging the stolen stablecoins and other assets for ETH. As of now, the hacker's EVM address holds about 68,500 ETH, which is valued at approximately $184 million. This incident raises concerns about the security measures in place at cryptocurrency exchanges and the ongoing risks associated with digital asset management.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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