Bitget 'Potentially Hacked' as $183 Million Vanishes From Exchange Wallets
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Bitget Hacked as $350 Million Vanishes From Crypto Exchange Wallets
A newly created wallet drained hot and cold reserves labeled as belonging to Bitget across multiple blockchains in under an hour.
Eighteen wallets dumped 372 million TAC tokens on-chain in the early hours of the morning, causing TAC to plummet by 91%.
PANews reported on July 8th that, according to on-chain analyst Yu Jin, since early this morning, 18 wallets have been dumping TAC on-chain, causing TAC to plummet by 91% ($0.05 to $0.0045). These wallets sold a total of 372 million TAC in exchange for 1.78 million USD1, selling the tokens after they were transferred from the TAC chain to the BSC chain. This dumping tactic is similar to SIREN a month ago and AKE yesterday, and may be manipulated by the same "cause group".
Four wallets long in DEXE on Aster have generated a floating profit of approximately $1.32 million.
PANews reported on July 6th that, according to Lookonchain, the price of the token DEXE continued to rise today. Four wallets held 2x leveraged long positions on the decentralized exchange Aster_DEX, with a combined unrealized profit of approximately $1.32 million. The highest return for a single wallet reached approximately 104.57%.
BitMine appears to have acquired another 40,000 ETH, worth $71.62 million.
According to BlockBeats, on July 8th, OnchainLens monitored that two newly created wallets received 40,000 ETH from Kraken and FalconX, worth $71.62 million, which likely belong to BitMine.
Asia dominates Crypto Adoption Index, Bitget’s $351M hack: Asia Express
The APAC region accounts for half of the Global Crypto Adoption Index. Bitget suffers massive $351M loss and OpenAI forgets to mention its agents hacked the Australian Government.
Bitget confirms $351M security breach, suspends withdrawals
Bitget said unauthorized transfers affected a limited number of hot wallets, while cold wallets and most platform assets remained unaffected.