Bitget hacker withdraws $1.23M from Binance, funnels funds to attacker-controlled wallet
A wallet linked to the Bitget exploit moved $1.23 million from Binance. That transfer happened before Bitget planned to reopen Bitcoin withdrawals after a security incident it now values at about $387.5 million.
Key claims & sources
What it means
Users and traders who follow Bitget notices will see that Bitcoin withdrawals were still scheduled to reopen after the security incident, while a linked wallet was moving funds from Binance. That means the incident is still active in the public record as Bitget manages the reopening around a newly stated loss estimate of about $387.5 million.
Market reaction i
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.
Coverage timeline
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.
Crypto Briefing
scoop
Thefts of a similar size
| When | What happened | Figure |
|---|---|---|
| 2.9 years ago | Telcoin · Uninitialized Proxy incident | $1.2M |
| 3.0 years ago | Samudai · Wallet stolen incident | $1.2M |
| 4.2 years ago | NewFreeDAO · Flashloans attack incident | $1.2M |
| 2 months ago | Radix · Improper Access Control incident | $1.2M |
| 7 months ago | CoW Swap · DNS Hijack incident | $1.2M |
4280 incidents stored · 885 were as large as this one or larger ($1.2M)