Bitget Confirms $351.6 Million Security Breach, Withdrawals Temporarily Suspended

Bitget CEO Gracy Chen reported that unauthorized transfers from hot and warm wallets occurred at 02:31 (UTC+8) on September 25, resulting in a loss of approximately $351.6 million. The exchange stated that cold wallets remain secure and user funds are covered by a protection fund exceeding $464 million. While deposits and trading remain active, withdrawals are currently suspended as the security team works on system repairs. On-chain monitoring by Specter suggests a potential link to the Lazarus Group, citing similarities to the July AFX hack, though the CEO noted that the attacker's identity is not yet fully confirmed.