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Newsmaker Newsmaker @nwsmkr · 21.3K subscribers
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Newsmaker Bitget: • wallets are under control now • majority of the stolen funds were from hot wallets, cold wallets aren't affected • Bitget Protection Fund able to cover the loss —— RU | BigLiquid | Pro Channel
Bitget Ceo Gracy Chen:

Confirmation
1. Preliminary estimate of the amount involved is about $351.6 million.
2. The platform has a three-tier wallet system. All cold wallets are confirmed unaffected.
3. User funds are safe. The loss is fully covered by Bitget’s User Protection Fund, which currently exceeds $464 million.

Actions taken:
1. An emergency response team was activated within minutes of the incident.
2. Abnormal transfer addresses have been flagged and reported.
3. For fund security, withdrawals are temporarily suspended and will be restored in an orderly manner after the security review.
4. Law enforcement and on-chain security firms have been notified and are involved in the investigation.

——
RU | BigLiquid | Pro Channel
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