Bitget has raised the estimated value of assets taken in its Sept. 24 breach to $387.5 million as exchanges and security firms mobilize to freeze and recover the stolen funds.The new estimate is up from $351.6 million after further on-chain tracing identified Zcash and TRON assets that were excluded from Bitget's initial accounting, Chief Executive Officer Gracy Chen said in a Sept. 25 update. She said the increase reflected transfers made during the original incident and that no additional unauthorized transactions had occurred.Table Showing Assets Stolen From Bitget (Source: Lookonchain)Bitget said its investigation with blockchain security firms Mandiant and SlowMist remains underway, with further forensic findings expected as investigators establish how attackers breached its systems.The exchange first detected the unauthorized transfers from some hot wallets at 18:31 UTC on Sept. 24 and suspended withdrawals while keeping deposits and trading operational. Its security team has since identified and patched the underlying vulnerability, according to the latest update.The higher loss estimate comes as Bitget shifts its response toward tracing and recovery, drawing support from ot...
Bitget’s hack just got $36 million bigger, and now there’s a bounty on the stolen crypto
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