News · Security & Hacks
Attackers routed $387.5 million across multiple blockchains, prompting exchange Bitget to freeze withdrawals and roll out an asset recovery bounty.
Key point 1 of 3
01
Bitget halted user withdrawals after $387.5 million in digital assets was transferred to attacker-controlled wallets.
Key point 2 of 3
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The security breach spanned Ethereum-compatible blockchains, TRON, XRP Ledger, and Zcash.
Key point 3 of 3
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Bitget confirmed the vulnerability has been contained and established a bounty program to freeze and recover stolen assets.
Context
Centralized crypto exchanges remain high-profile targets for large-scale exploits, with this breach ranking among the sector's largest incidents alongside major infrastructure…
Why it matters
Bitget users face temporary withdrawal freezes while the exchange and external ledger analytics teams work through bounty mechanisms to locate and blacklist attacker addresses…
What to watch
Market participants are monitoring bounty progress, on-chain movements from attacker-controlled wallets, and confirmation from Bitget regarding asset recovery.
Sources
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