$387.5M in Cryptocurrency Stolen from Bitget Exchange
Bitget, a cryptocurrency exchange, reported that approximately $387.5 million worth of crypto assets were transferred to attacker-controlled addresses during a security breach. This revised estimate is higher than the initial figure of $351.6 million and reflects ongoing efforts by the company to trace stolen funds. The theft primarily involved XRP tokens, with stolen amounts being moved through multiple wallets in an attempt to obscure their trail. Bitget has stated it is working closely with law enforcement and blockchain analytics firms to recover the assets and prevent further losses from this incident.
Topics: cryptocurrency security breach theft