Bitget suspected of being attacked by hackers, approximately 183 million USD in assets flowed out from the exchange wallet

According to Decrypt, on-chain data shows that approximately $183 million in crypto assets flowed from a wallet marked as Bitget to a newly created address. Bubblemaps and Arkham analysts flagged this unusual activity on September 24, stating that Bitget may have been hacked. The funds were transferred from the exchange's hot and cold wallet reserves within about an hour, involving tokens such as ETH, USDT, USDC, AVAX, BNB, and XAUT.

The first anomaly came from the hot wallet. A new address starting with 0xe410 utilized $19.67 million in USDT0 within 6 minutes, exchanging it for 7,111 ETH through UniswapX and 1inch Fusion, with the transaction price approximately 5% higher than the market price. On-chain researcher DCF GOD pointed out that subsequently, more wallets marked as Bitget transferred ETH, AVAX, BNB, USDC, USDT, and XAUT to the same address. The outflow of funds stopped about 6 minutes after the first suspicious transaction and remained silent for at least 20 minutes thereafter.

Some users reported that withdrawals were blocked, and Bitget has not issued a public statement nor responded immediately to Decrypt's request for comment. On-chain analysts stated that the marked Bitget wallets still hold approximately $500 million in assets. Bitget launched a $300 million protection fund in 2023 to cover losses from hacks, thefts, and other incidents.