1d ago

Bitget CEO says exchange hit by security incident affecting ETH and XRP across seven blockchains

AI Market Summary

Bitget disclosed a multi-chain hot-wallet security incident impacting ETH, XRP (largest single-chain loss), BNB, AVAX and major stablecoins across Ethereum, XRP Ledger, Arbitrum, Avalanche, Optimism, BSC and Base. While cold wallets and Bitget Wallet are stated unaffected and a $464M+ protection fund plus $1B+ corporate assets were cited, near-term sentiment may weaken due to counterparty, withdrawal, and contagion-risk concerns.

Impact level

● High

Affected assets

XRP/USDT+1.37%

AI Insight · XRP/USDTAI Insight

▼ Bearish

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Bitget’s CEO said in a livestream that the exchange suffered a security incident in which assets were stolen from hot wallets, involving ETH, XRP, BNB, AVAX, USDT and USDC across seven blockchains including Ethereum and the XRP Ledger. XRP was described as the largest single-chain loss. On-chain analysis indicates the attack method matches techniques used by DPRK-linked hacker groups, the CEO said.

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