Suspected Bitget hacker moves $1.23 million through Binance

  • Suspected Bitget hacker-related wallet moved funds from Binance to a linked wallet.
  • The wallet withdrew 257.6 ETH and 545,000 USDT, worth about $1.23 million.
  • Bitget and Binance are collaborating with investigators across Ethereum, BNB Chain and TRON.

A wallet suspected of being linked to the Bitget hack moved about $1.23 million through Binance before sending 457.9 ETH to a wallet associated with the breach. Lookonchain said the wallet withdrew 257.6 ETH and 545,000 USDT, then exchanged the stablecoin for 200.2 ETH before transferring its entire reported ETH balance. The activity follows the September 24 breach, detected at 18:31 UTC, in which unauthorized transfers from Bitget hot and warm wallets were initially estimated at $351.6 million and later revised to $387.5 million. Blockchain firms including Bitquery are tracing funds across Ethereum, BNB Chain and TRON, while Bitget and Binance are cooperating with law enforcement, Mandiant and SlowMist. Analysts have speculated about possible North Korean involvement, but authorities have not confirmed the attribution.

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