Bitget wallets drained of $174M in apparent multi-chain exploit
Security & Exploits ·
Three hot wallets and one cold wallet tied to Bitget were emptied of more than $174 million within a single hour, with the funds converted to ETH and routed to one address.
The transfers, first flagged publicly via a post on X, sent the drained assets to the address 0x770b10b273fC44Fe9197D6bF20F145c2e98463Ee across several blockchains. The affected wallets reportedly still contained roughly $530 million at the time of reporting, suggesting the incident had not yet run its full course. In response, Bitget appeared to begin shifting the remaining balances into a separate set of wallets believed to be unaffected, an apparent attempt to contain further losses while the situation was assessed.
The Block reported that more than $170 million moved from Bitget-linked wallets to an unidentified address, noting that the exchange had not confirmed whether the movement stemmed from a security breach. That characterization aligns with a separate account describing an active exploit in which assets from both hot and cold storage were withdrawn and swapped into ETH. Other reports in circulation described the transfers as "suspicious" cross-chain activity involving the same roughly $174 million figure, underscoring convergence around the scale and speed of the outflows even before Bitget issued any formal statement.
Four distinct sources have now covered the episode, generally agreeing on the headline figures — over $174 million moved, four wallets exploited, and roughly $530 million remaining exposed — while diverging on whether to label it a confirmed hack or an unexplained transfer pending exchange confirmation.
What remains unresolved is Bitget's own account of the event: whether the wallet activity constitutes a confirmed exploit, how the attacker gained access to both hot and cold infrastructure, and what portion of the remaining $530 million can be secured before further withdrawals occur. Also unclear is any response from stablecoin issuers or other counterparties whose assets may be implicated in the swapped funds.