Bitget reports $351.6 million hot wallet incident, pauses withdrawals

  • Bitget reported a $351.6 million incident involving its hot wallet.
  • $464 million in protection funds covers users, according to Bitget.
  • Bitget paused withdrawals while keeping deposits and trading open.

Bitget reported a $351.6 million incident involving its hot wallet and paused withdrawals. The exchange said its cold wallets were untouched and that user funds are covered by a $464 million protection fund. Deposits and trading remain available while withdrawals are suspended.

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