Bitget confirmed unauthorized transfers totaling approximately $351.6 million affecting parts of its hot and warm wallet infrastructure. The exchange stated that cold wallets remained unaffected and its $464 million-plus User Protection Fund covers the entire estimated loss. Withdrawals have been temporarily suspended while the investigation continues with law enforcement and security firms. Customer balances remain accurate, deposits and trading continue to function, and Bitget has promised a full incident report within 24 hours.
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