A newly created crypto wallet drained approximately $350 million from hot and cold reserves labeled as belonging to exchange Bitget, according to Decrypt. The transfers occurred across multiple blockchains in less than an hour. The reported incident involved assets held in both online hot wallets and offline cold-storage reserves. The source did not provide further details on how the wallet gained access or identify the individual or group behind the transactions. The affected reserves included a range of crypto assets, with the incident relevant to tokens such as CRO, ONE, ELON, HOT, AIN, LAB, LION, ONG, RAIN, LON and WAL. The reported outflows place Bitget’s wallet activity under scrutiny as the movement of funds is tracked across networks.
