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Crypto Exchange Sees Massive $463M Exit After Hack
29 Sep
Summary
- Crypto exchange Bitget experienced $463 million in net outflows.
- These outflows occurred within 24 hours following a significant theft.
- Customers moved assets after last week's $388 million heist.
In the 24 hours leading up to Tuesday, cryptocurrency exchange Bitget recorded substantial net outflows totaling approximately $463 million. This massive withdrawal of assets occurred as customers moved their funds off the platform.
The surge in outflows followed Bitget's commencement of withdrawal restoration after experiencing a significant security breach. Last week, the exchange suffered a theft amounting to $388 million.
These events collectively represent a major challenge for Bitget, indicating a significant loss of customer confidence in the platform's security following the large-scale heist. The platform is now working to regain trust.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
