Bitget moves assets amid alleged $170 million-plus wallet breach

  • Bitget-linked addresses moved remaining assets from wallets implicated in suspected unauthorized transfers.
  • On-chain analysts tracked more than $170 million moved from three hot wallets and one cold wallet.
  • Approximately $530 million in assets reportedly remained in the wallets under scrutiny.

Bitget-linked addresses began moving assets remaining in wallets affected by suspected unauthorized transfers, an apparent effort to secure funds as on-chain investigators tracked more than $170 million in assets moved across several networks. The activity initially centered on Arbitrum, where a newly created address bought 7,111 ETH in six minutes using approximately 19.67 million USDT0 from a Bitget hot wallet through UniswapX and 1inch Fusion. Purchases reportedly reached premiums of about 5% above spot prices, briefly lifting the WETH/USDC pool price to $2,870. On-chain data indicated that three hot wallets and one cold wallet labeled as Bitget-controlled may be affected, with ETH, AVAX, BNB, USDC, USDT, USDT0 and XAUT transferred and stablecoin balances converted into ETH. About $530 million in assets reportedly remained in the wallets, while the cause of the suspected breach and claims of North Korean involvement remained unconfirmed. Earlier reports placed transfers above $180 million, whereas the latest on-chain estimate exceeded $170 million.

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