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Bitget is facing speculation over a possible hot-wallet breach after unusual on-chain activity involving millions of dollars in USDT0 and ETH, according to DCF GOD, a pseudonymous crypto KOL and angel investor known for market analysis.
https://twitter.com/dcfgod/status/2103212139007873136?s=20
The analyst said a fresh wallet bought 7,111 ETH on Arbitrum on Thursday using 19.67 million USDT0 allegedly traced to a Bitget hot wallet, routing the trades through UniswapX and 1inch Fusion.
Further on-chain claims indicated that about $174 million had been moved from multiple Bitget hot and cold wallets across several chains to a single address, with the reported amount later increasing to $183 million.
This is a developing story. More information will be added as the situation develops.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
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