Bitget clarifies $388M in assets affected by security breach
The Bitget breach announced on Thursday affected about $35 million more than previously reported, based on an analysis of assets on Zcash and TRON.
Bitget, a cryptocurrency exchange, announced on Thursday that a security breach had affected approximately $388 million in assets, slightly higher than the initially reported $352 million. The updated incident report clarified that the breach involved assets on Zcash, TRON, Ethereum Virtual Machine (EVM) networks, and the XRP Ledger.
Bitget stated that $387.5 million had been transferred to attacker-controlled addresses, a figure based on onchain tracing. This revised amount is about $35 million more than the initial estimate due to the inclusion of affected assets on Zcash and TRON that were not accounted for in the earlier report. The exchange emphasized that the update does not represent further unauthorized transfers that may have occurred.
The breach affected various cryptocurrencies, including XRP, Ether (ETH), Tether's USDt (USDT), Zcash (ZEC), USDC, USDT0, XAUt, BNB, AVAX, and TRX. CEO Gracy Chen's speculation about a North Korean hacking group behind the attack was not addressed in the follow-up report. Despite the clarification on asset levels, the Bitget security breach remains one of the largest incidents in the industry. In February 2025, Bybit suffered a similar breach where hackers stole approximately $1.5 billion worth of Ether.
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