Trader Traitor

Bitget says spoofed backend data drained $351.6 million from its hot and warm wallets

Bitget lost about $351.6 million from its hot and warm wallets after attackers spoofed transaction data in a backend system, the exchange said. Cold storage held and a $464 million fund covers the loss, while about 45% of the haul is native XRP that no one can freeze.