Browsing: Hacks

Nearly 5,000 Bitcoin has left Bitget’s tracked reserves after the crypto exchange reopened withdrawals following its $387.5 million hack. On Sept. 28, Bitget Chief Executive Officer Gracy Chen said the exchange had processed 9,585 withdrawal orders totaling 4,098.036 BTC as of 17:00 UTC+8, shortly after it resumed Bitcoin withdrawals. Separate DeFiLlama data showed Bitget’s tracked…

Evercrest Technologies, the company behind KelpDAO, has sued LayerZero Labs, its Canadian affiliate, and CEO Bryan Pellegrino in British Columbia over April’s $292 million rsETH exploit. The claim alleges negligent misrepresentation, negligence and defamation, seeks aggravated and punitive damages, and says Kelp users have withdrawn more than $650 million since the attack. Pellegrino has called…

Bitget has suspended withdrawals after unauthorized transfers drained about $351.6 million from a limited number of its hot and warm wallets. The crypto exchange detected the transfers at 18:31 UTC on Sept. 24 and activated its emergency response procedures within minutes, Chief Executive Officer Gracy Chen said. Bitget’s cold wallets and most assets held on…