Bitget CEO Gracy Chen announced that the cryptocurrency exchange had been affected by a hack, according to CoinDesk. The announcement came shortly after independent researchers identified unusual movements from wallets associated with the exchange. Bitget said the incident involved $352 million. Chen also stated that user funds are “safe,” though the supplied report does not provide further details on the affected wallets, the nature of the attack, or whether the amount represents stolen assets, losses, or funds otherwise impacted by the incident. The report also does not identify any specific cryptocurrencies connected to the wallet activity. The disclosure places attention on Bitget’s wallet movements and the exchange’s handling of the incident, while additional information about the investigation and any recovery efforts was not included in the source material.
