Bitget Hit by Hacker Attack, Loses $352 Million

TechFlow reports that on September 25, CoinDesk announced that the cryptocurrency trading platform Bitget confirmed a security breach involving its accounts, resulting in the loss of approximately $352 million. Monitoring data indicates that after the breach, the attacker swiftly transferred the funds and attempted to use mixing protocols to obfuscate the transaction trails.

Bitget subsequently issued a statement clarifying that the assets involved in this incident were exclusively project-side capital (Project Capital) and did not include user funds held in custody. The platform reiterated that user deposits, balances, and core vaults were not compromised, with asset security remaining unaffected. Bitget is currently cooperating with relevant authorities to conduct forensic analysis and fund tracing.