727 FinancePANews reported on September 25 that according to an announcement by Xie Jiayin, the head of Bitget’s Chinese area, at 2:31 this morning, Bitget’s security system detected abnormal transfers in some hot wallets. The security team activates the emergency response mechanism as soon as possible. 1. Confirmed situations: 1. The preliminary assessment involves an amount of approximately US$351.6 million. 2. Most of the assets in the cold wallet and platform are intact and unaffected. 3. User funds are safe.
PANews reported on September 25 that according to an announcement by Xie Jiayin, the head of Bitget’s Chinese area, at 2:31 this morning, Bitget’s security system detected abnormal transfers in some hot wallets. The security team activates the emergency response mechanism as soon as possible.
1. Confirmed situations: 1. The preliminary assessment involves an amount of approximately US$351.6 million. 2. Most of the assets in the cold wallet and platform are intact and unaffected. 3. User funds are safe. The amount of this loss is completely covered by the Bitget User Protection Fund (the current scale of the protection fund exceeds 464 million US dollars)
2. Measures taken: 1. The emergency response team was activated within minutes after the incident. The abnormal transfer address was marked and reported. 2. For the sake of fund security, the currency withdrawal function was temporarily closed and will be restored in an orderly manner after the security verification is completed. 3. Law enforcement agencies and on-chain security agencies have been notified to intervene in the investigation.
3. What it means to users: 1. The account balance is accurate and the assets are protected. 2. The deposit and transaction functions are running normally. 3. The withdrawal is temporarily closed and will be restored as soon as the security verification is completed.
Officials said a complete incident report, including root cause analysis and corrective measures, will be released within 24 hours.