Bitget, one of the world's larger crypto exchanges, appears to have been hacked. On-chain analysts at Bubblemaps and Arkham tracked $183 million in ETH, USDT, USDC, AVAX, BNB, and XAUT draining from the exchange's wallets into a single new address over about an hour Thursday.
The first move: address
0xe410… swapped $19.67M in USDT0 for 7,111 ETH in six minutes, paying 5% above market — freezable stablecoins out, decentralized ETH in, fast.User withdrawals are blocked. Bitget has said nothing. Back in 2023 the exchange boasted a $300 million protection fund for exactly this scenario — now we find out if it's real, per Decrypt.