Report Claims $351.6 Million Theft in Bitget Wallet Security Breach

A report claims that attackers stole about $351.6 million from Bitget wallets after gaining unauthorised access to transaction-signing systems. Suspicious transfers reportedly prompted the platform to halt withdrawals while investigators traced the movement of funds. The report says the affected assets were held in active hot and warm wallets, while cold-storage reserves were not affected. Bitget also reportedly said it would use its protection reserves to compensate impacted users. The incident highlights the risks of keeping large crypto balances on exchanges. Investors should follow verified updates from the platform and consider stronger account security and offline storage for long-term holdings.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.