Bitget Wallets Suspected of Security Breach — Over $170M in Assets Moved and Swapped to…
Blockchain monitoring service MLM reported an ongoing wallet security incident affecting Bitget, one of the world's major crypto exchanges. According to on-chain data shared by Wu Blockchain, three hot wallets and one cold wallet tied to Bitget are suspected to have been compromised.
What's happening: Over the past hour, more than $170 million worth of assets have reportedly been drained from these wallets and swapped into ETH — a common move attackers make to consolidate stolen funds into a liquid, widely-tradeable asset before further laundering.
On-chain activity (via Arkham): Multiple transactions from Bitget-labeled wallets show large outflows across several assets, including:
• ETH transfers ranging from small amounts up to over 34.7K tokens • USDC transfers worth approximately $12.85M • USDT transfers worth approximately $34.75M • Tokenized gold (XAUT) worth approximately $12.83M • USD₮0 transfers worth approximately $19.67M
All flagged wallets are linked to the same originating address ending in "e9846," suggesting a coordinated draining pattern consistent with a single attacker or automated exploit script moving funds across multiple wallets in quick succession.
Status: As of this report, Bitget has not issued an official statement confirming or denying the incident. The situation is still developing, and the full scope of the breach — including root cause and total losses — remains unverified.
This is a breaking, developing story. We'll update as more information becomes available.