Bitget 'Potentially Hacked' as $183 Million Vanishes From Exchange Wallets
Wallets labeled as Bitget’s were drained on Thursday afternoon, with onchain records showing more than $180 million moved out between 2:31 p.m. and 4:55 p.m. ET. One report put the suspected loss at over $170 million, and another said the receiving address was later tagged by Etherscan as Bitget Exploiter 1.
What this rests on
What it means
Each sentence links inside to the piece that supports it.
Bitget users and anyone holding funds in the exchange’s labeled wallets would notice the incident first because the wallets were drained over a short period on Thursday afternoon. The activity involved both hot and cold reserves, and one report said the assets were moved into Ethereum.
In practice, this changes the status of the labeled wallets from ordinary storage to wallets that were actively being emptied, while the onchain tagging also gives investigators a specific receiving address to track. The public-facing exchange position stayed the same through 5 p.m. ET, when no statement had been issued.
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
How the story was built
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
Decrypt
scoop
Unchained
adds
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 8.7 years ago | BitGrail · Unknown incident | $195M |
| 3.1 years ago | JPEX incident | $194.3M |
| 4.2 years ago | Nomad · Forged Proof incident | $190M |
| 4.5 years ago | Beanstalk · Flashloan Governance Attack incident | $181M |
| 4.5 years ago | BeanstalkFarms · DAO + flashloan incident | $181M |
4197 incidents stored · 42 were as large as this one or larger ($183M)