Bitget

Crypto exchange Bitget has increased its estimate of losses from a recent hack to $387.5 million and announced a plan to restart customer withdrawals. The revised figure significantly raises the earlier assessment of the breach's impact. Traders are watching for details on the withdrawal restart schedule and how the exchange plans to cover the shortfall, as the incident adds to ongoing concerns about security across major crypto platforms.

Crypto exchange Bitget has reportedly suffered a security breach worth more than $387 million, with suspicion falling on North Korean hacking groups. The incident adds to a pattern of large-scale cryptocurrency thefts attributed to state-backed North Korean hackers, who are estimated to have stolen billions from exchanges in recent years. Attention is turning to the exchange's security practices and how stolen funds may be laundered.

Crypto exchange Bitget has suffered a security breach valued at $387.5 million, according to reporting by The Block, making it one of the larger exchange security incidents in recent memory. The breach is drawing attention across the crypto industry as traders and observers assess the scale of losses and how the platform will respond. Details on the cause and any compensation plans remain limited so far.

Crypto exchange BitGet says losses from a security breach are approaching $400 million, a figure now framed by the company as a milestone in the unfolding incident. The revelation places the breach among the larger thefts to hit a major digital asset platform, and attention is focused on how the funds were taken and whether any can be recovered.

Crypto exchange Bitget has disclosed a security breach with losses estimated at $387.5 million. The company says its plans for an initial public offering remain unaffected despite the incident. The scale of the losses has drawn attention across the crypto industry, with observers watching how the exchange handles customer funds and whether the breach will affect regulatory scrutiny or its listing ambitions.

Crypto exchange Bitget has raised its estimate of losses from a security breach to $387.5 million. The disclosure comes as the company continues to pursue plans for an initial public offering. Observers are watching how the larger loss figure will affect the exchange's listing ambitions and user confidence.

A hacker linked to the Bitget exchange breach has withdrawn roughly $1.23 million from Binance and transferred the funds to an attacker-controlled wallet. The movement suggests the perpetrator is consolidating or laundering assets stolen in the earlier Bitget hack, drawing attention from crypto security watchers tracking stolen exchange funds.