Bitget Confirms $351.6M Hot Wallet Breach And Pauses Withdrawals

Bitget says unauthorized transfers affected approximately $351.6 million held across parts of its hot and warm wallet infrastructure. The exchange says its cold wallets were not affected and its $464 million-plus User Protection Fund covers the loss. Withdrawals have been temporarily suspended while Bitget investigates the breach with law enforcement and security firms. **ID:** N25-10 **Site:** NewsBTC **Status:** READY **Author:** NewsBTC Editorial Team **Focus Keyword:** Bitget **Image Keyword:** Security **Category:** Technology **Tags:** Bitget, Security, Hack, Exchange, Wallets **Primary Source:** https://www.bitget.com/support/articles/ Bitget Says Cold Wallets And Customer Balances Remain Secure According to Bitget’s security notice, the incident was contained to part of its hot and warm wallet layers. Cold wallets were not compromised. The exchange says customer balances remain accurate and that the entire estimated loss falls within its User Protection Fund, which currently holds more than $464 million. Withdrawals have been temporarily suspended while the security review continues. Deposits and trading remain available. Bitget says it has identified and flagged abnormal t...