Bitget reports $352 million affected in security incident

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Crypto exchange Bitget reported a security incident where approximately $352 million was affected. The exchange stated that user funds remain secure despite unusual wallet movements flagged by researchers.

Key facts

• Crypto exchange Bitget reported a security incident impacting approximately $352 million.
• Independent researchers flagged unusual wallet movements related to the incident.
• A newly created wallet drained reserves labeled as belonging to Bitget across multiple blockchains.
• Bitget asserts that user funds are safe.