Bitget Reports $351M Hot Wallet Breach, Says User Funds Are Covered

• Bitget reported unauthorized transfers affecting approximately $351.6 million from its hot wallets, but assures customers that their balances are protected by its User Protection Fund.
• The breach involved a backend system in the wallet infrastructure, allowing the attacker to spoof transaction data, but cold wallets remained secure and unaffected.
• On-chain investigator Specter suggested that the North Korea-linked Lazarus Group may be responsible for the attack, which is part of a larger trend of significant crypto exploits this year.

https://cryptopotato.com/bitget-reports-351m-hot-wallet-breach-says-user-funds-are-covered/