Bitget clarifies $388M in assets affected by security breach

The useful part

Thursday affected about $35 million more than previously reported, based on an analysis of assets on Zcash and TRON. Crypto exchange Bitget released an updated incident report on Thursday's security breach, clarifying that about $388 million in assets had been affected and not $352 million as previously reported. In a Friday update, Bitget said it would continue to pause withdrawals following the security breach, and the company had launched a bounty program to incentivize freezing or recovering the assets.

How it works

• The exchange confirmed that "$387.5 million were transferred to attacker-controlled addresses" based on onchain tracing — about $35 million more than reported on Thursday.
• "The revised figure reflects a more complete accounting of transfers that occurred during the incident, adding affected assets on Zcash and TRON that were not included in the initial estimate," said Bitget.
• The incident remains contained and no further unauthorized transfers are possible." Read more

Details worth keeping

"It does not reflect further unauthorized transfers.