Bitget clarifies $388M in assets affected by security breach
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Crypto exchange Bitget updated its report on a recent security breach, clarifying that about $388 million in assets were affected, rather than the previously reported $352 million. The company confirmed that $387.5 million were transferred to attacker-controlled addresses and stated that the incident is contained with no further unauthorized transfers possible. Bitget has paused withdrawals and launched a bounty program to recover or freeze the stolen assets.
Why it matters
The source indicates that the breach remains one of the largest in the crypto industry, highlighting ongoing security risks for exchanges and their users. The update is significant as it provides a more complete picture of the incident and the scale of affected assets, which is important for market participants and stakeholders.
Key context
The affected assets were on multiple platforms, including Ethereum Virtual Machine (EVM) networks, the XRP Ledger, Zcash, and TRON. Assets involved included XRP, Ether (ETH), USDT, Zcash (ZEC), USDC, BNB, AVAX, and TRX. CEO Gracy Chen had previously speculated that a North Korean hacking group could be behind the attack, but the update did not address this claim. The incident follows a February 2025 hack where $1.5 billion worth of Ether was stolen from Bybit.
Key numbers and entities
Bitget reported $387.5 million transferred to attacker-controlled addresses, revising the initial $352 million figure. Assets affected include XRP, ETH, USDT, ZEC, USDC, BNB, AVAX, and TRX. CEO Gracy Chen made prior speculative comments about the attackers being a North Korean group. A previous large hack at Bybit involved $1.5 billion worth of Ether.
What remains unclear
The source does not clarify details about the identity or motives of the attackers beyond prior speculation. Specific measures Bitget is taking to prevent future breaches or to recover the stolen assets are not detailed. No further information is provided on the progress or effectiveness of the bounty program.