Bitget Reports $351M Hot Wallet Breach, Says User Funds Are Covered

Cold wallets, which hold most of Bitget's assets, were never touched at all, the exchange says, even as hot and warm layers took the hit.

Bitget says its security systems flagged unauthorized transfers from a portion of its hot wallets at 18:31 UTC on September 24, with roughly $351.6 million in assets affected.

The exchange says…