Bitget clarifies $388M in assets affected by security breach

In a Friday update, Bitget confirmed that "$387.5 million were transferred to attacker-controlled addresses" based on on-chain tracing. The exchange emphasized that this revised figure does not reflect further unauthorized transfers and that the incident remains contained. Withdrawals are set to continue being paused following the breach, and Bitget has initiated a bounty program to encourage the freezing or recovery of the stolen assets.

The breach impacted assets across Ethereum Virtual Machine (EVM) networks, the XRP Ledger, Zcash, and TRON. Stolen assets included XRP, Ether (ETH), Tether’s USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX, and TRX. While Bitget's CEO, Gracy Chen, had previously speculated that a North Korean hacking group might be responsible, the follow-up report did not address these comments.