Bitget Customers Withdraw Over 4,000 Bitcoins in One Hour Following $388M Hack
By Mathew Di Salvo
AI summary of the source article
Cryptocurrency exchange Bitget saw customers withdraw 4,098 bitcoins worth over $334 million within one hour of resuming withdrawals following a $388 million hot wallet hack. CEO Gracy Chen stated that withdrawals have since stabilized and that cold storage funds were unaffected. The company indicated the breach involved stolen internal credentials consistent with North Korean hacking patterns and noted it is using its own capital to replenish its protection fund.