3 hours ago
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Coindoo first covered the unusual wallet movements in its earlier report, when funds from Bitget-linked wallets were moving to a fresh address and being swapped on-chain. Bitget has since confirmed that the transfers were unauthorised.
How the Bitget Story Changed Overnight
| Initial on-chain alert | More than $170 million was seen moving from Bitget-linked wallets to a fresh address, where assets were reportedly swapped. |
| Bitget’s confirmation | The exchange said unauthorised transfers affected approximately $351.6 million and suspended withdrawals. |
| Technical update | Bitget says an attacker compromised a backend wallet system and triggered its authorisation flow with spoofed transfer data. |
| Latest attribution clue | Its CEO reportedly says North Korean involvement cannot be ruled out, but no group has been named. |
The two dollar figures should not be read as competing estimates of the same thing. The $170 million number came from the ini...
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