Bitget Halts Withdrawals After $351.6M Hot Wallet Incident Hits Crypto Exchange

1 week ago 3

Rommie Analytics

Key Takeaways:

  • Bitget reported unauthorized transactions of about $351.6 million that occurred in a portion of its hot & warm wallet infrastructure.
  • Withdrawals were put on hold for the time being as the exchange’s security team examined the situation.
  • Bitget Wallet separately reminded the users to revoke the current permissions of contracts as a precautionary protocol for investigation.