Bitget hit by $387.5 million hack

Finextra reported that Bitget was hit by a hack involving $387.5 million. The report identifies Bitget as the affected platform and places the value of the incident at $387.5 million.

Bitget is a cryptocurrency exchange that provides trading and other digital-asset services. Security incidents affecting exchanges can draw close attention because such platforms may hold customer assets and support large volumes of crypto market activity.

The reported scale of the hack would make it a significant event for Bitget and the wider digital-asset sector. Exchange security remains a central issue for users, operators and regulators, with firms expected to protect systems, wallets and customer accounts against unauthorized access.