Bitget hot wallet potentially compromised with ~$19.7M USDT swapped for ~7,111 ETH on Arbitrum in six minutes; cause unclear and unconfirmed by exchange.
Security & Exploits ·
Approximately $19.7 million in USDT left a Bitget wallet on Arbitrum and was swapped for roughly 7,111 ETH within six minutes at up to 5% slippage, according to onchain data. The cause of the transaction remains unclear, and Bitget has not publicly commented on the activity.