Crypto exchange Bitget says it has suffered a $352 million hack and temporarily halts withdrawals. CoinDesk reports the issue is announced by Bitget CEO Gracy Chen shortly after independent researchers flagged unusual wallet activity. NDTV also cites Chen’s statement that the incident involves a large-scale loss.
In a post on X early Friday in Singapore, Chen tells users that “user funds are safe.” NDTV specifically notes that Bitget pauses withdrawals following the breach, while CoinDesk focuses on the timing of the announcement after researchers observed abnormal movements. Across both reports, Bitget presents the disruption as a precautionary measure while it responds to the suspected hack. The outlets differ mainly in emphasis: CoinDesk highlights the external detection and scale of losses, while NDTV highlights the operational response and the assurance that customer assets remain protected.
Both accounts reflect Bitget’s public position that customer funds are not lost, even as the exchange restricts withdrawals while it investigates and mitigates the breach.
