Bitget confirms $351.6m hot wallet breach, withdrawals paused; BGB rebounds after 9% drop

Bitget CEO Gracy Chen confirmed about $351.6m was moved from compromised hot wallets; cold wallets were unaffected, user balances are unchanged and the loss is covered by the exchange's $464m protection fund. Withdrawals are paused while deposits and trading continue, and the native token has rebounded more than 5% after falling nearly 9%.

Detected & updated continuously · Source: Nebula