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The digital asset landscape remains on high alert following the massive $388 million security breach of the crypto exchange Bitget. As investigators and blockchain forensics teams continue to trace the movement of stolen funds, the perpetrator has ramped up efforts to obfuscate the trail of illicitly obtained assets. According to recent blockchain data, approximately $83…
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In the wake of the massive security breach that saw cryptocurrency exchange Bitget lose approximately $351.6 million, stablecoin giants Circle and Tether have intervened by blacklisting a wallet address associated with the theft. While the move represents a proactive step in limiting the attacker’s ability to off-ramp stolen funds, industry experts have pointed out that…
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In a significant security incident that has sent ripples through the digital asset ecosystem, crypto exchange Bitget has confirmed a massive security breach resulting in the loss of approximately $351.6 million. The incident, which unfolded late on September 24, saw attackers infiltrate the exchange’s internal systems to orchestrate unauthorized transfers. Despite the substantial scale of…
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In a significant blow to the digital asset industry, the cryptocurrency exchange Bitget has confirmed a major security breach that resulted in the exposure of approximately $351.6 million in funds. The incident, which unfolded late Thursday, was officially acknowledged by Bitget CEO Gracy Chen shortly after independent blockchain security researchers and analysts identified a series…
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