Bitget confirms $387.5M hot-wallet breach; THORChain rejects request to block addresses linked to Sept 24 exploit

Bitget has confirmed a $387.5M security breach in which attackers drained funds from its hot wallet infrastructure, saying private keys stayed secure and its User Protection Fund will fully compensate affected users. THORChain rejected Bitget's request to block addresses linked to the September 24 exploit, defending its permissionless architecture; Star Xu questioned the decentralization claim.

Detected & updated continuously · Source: Nebula