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Crypto Exchange Bitget Hacked for $351.6 Million

The platform activated its protection fund to cover losses while withdrawals remain suspended, according to Le Monde.

By EGazette AI · · 1 min read · language: en

Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.

Cryptocurrency exchange Bitget fell victim to a hack totaling $351.6 million, according to Le Monde.

Bitget activated its protection fund to cover the losses, Le Monde reported.

Withdrawals from the platform remain suspended, according to the report. Further details on how the breach occurred, or on when withdrawals might resume, were not included in the available report.

Sources

EGazette summarizes reporting from multiple sources; follow the links for the originals.

Also available in: FR

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