๐Ÿ’ธ Bitget goes quiet as $183 million walks out the door

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๐Ÿ’ธ Bitget goes quiet as $183 million walks out the door Bitget, one of the world's larger crypto exchanges, appears to have been hacked. On-chain analysts at Bubblemaps and Arkham tracked $183 million in ETH, USDT, USDC, AVAX, BNB, and XAUT draining from the exchange's wallets into a single new address over about an hour Thursday. The first move: address 0xe410โ€ฆ swapped $19.67M in USDT0 for 7,111 ETH in six minutes, paying 5% above market โ€” freezable stablecoins out, decentralized ETH in, fast. User withdrawals are blocked. Bitget has said nothing. Back in 2023 the exchange boasted a $300 million protection fund for exactly this scenario โ€” now we find out if it's real, per Decrypt.

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