A suspected security breach involving four wallets linked to Bitget has emerged; more than $170 million in assets was reportedly moved and converted to ETH.
Wu Blockchain reported, citing MLM monitoring data, that three hot wallets and one cold wallet may have been compromised. According to the post, more than $170 million in assets was withdrawn from these wallets and converted to ETH. The transactions were linked to the address 0x770b10b273fC44Fe9197D6bF20F145c2e98463Ee.
The on-chain records shown in the post display transfers of ETH, USDC, USDT, and XAUT from hot and cold wallets labeled Bitget to the same destination address.
About $530 million reportedly remains in the wallets
Wu Blockchain said that assets worth about $530 million remained in the wallets. This figure refers to the assets remaining in the wallets, not an additional amount lost.
At the time of the source’s September 24 post, the possible breach method and total loss had not yet been confirmed. The post also stated that Bitget had not issued a public response as of then. Therefore, the reported transfer amount is not being presented as a confirmed loss from an attack.
Not investment advice.