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#Hot wallet breach

5 Stories Found
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Blockaid Secures $40M in Funding Commitments Following $6.3B Binance Hack
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Blockaid Secures $40M in Funding Commitments Following $6.3B Binance Hack

Key Highlights A compromised DevOps engineer’s laptop triggered unauthorized hot wallet withdrawals at Binance, leading to approximately $3 billion in frozen funds. Security firm Blockaid detected unusual outflows in under two minutes and traced the attack mechanism to malicious Ethereum EIP-7702 delegations. Blockaid CEO Ido Ben-Natan identified the incident as a hijacking of signing infrastructure ...

Mercado Bitcoin Hackers Swap $11 Million in Stolen Altcoins for Ether
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Mercado Bitcoin Hackers Swap $11 Million in Stolen Altcoins for Ether

Key Highlights: Attackers drained between $38 million and $49 million from Mercado Bitcoin’s hot wallets and customer deposit addresses across more than 10 blockchains via a signing-based breach. Following the immediate blacklisting of over $11 million by stablecoin issuers Tether and Circle, the perpetrators swapped an estimated $10.55 million to $11.9 million of the stolen ...

Binance Pauses Withdrawals to Complete Security Checks: What You Need to Know
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Binance Pauses Withdrawals to Complete Security Checks: What You Need to Know

Key Highlights: Binance suspended user withdrawals following an overnight cyberattack targeting one of its hot wallets. Initial unconfirmed estimates indicate that up to $5.7 billion in cryptocurrency assets may have been compromised during the security incident. Binance co-founder He Yi confirmed that withdrawal transactions will remain halted until the security environment is completely verified. Binance ...

Bitget’s $352M Hack Stemmed from Spoofed Transfers, Not Private Keys, CEO Gray Chen Says
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Bitget’s $352M Hack Stemmed from Spoofed Transfers, Not Private Keys, CEO Gray Chen Says

Key Highlights Bitget exchange detected unauthorized transfers from hot wallets at 18:31 UTC on September 24, with the breach extending to the warm-wallet layer. Loss containment is confirmed and no further unauthorized transfers are possible, though the specific intrusion method remains under active investigation. A full technical report will be released once the investigation is ...

Bitget CEO Confirms Hack, Reveals Massive Losses; Withdrawals Suspended
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Bitget CEO Confirms Hack, Reveals Massive Losses; Withdrawals Suspended

Key Highlights Cryptocurrency exchange Bitget detected unauthorized transfers from hot wallets totaling approximately $351.6 million on September 24, 2026, at 18:31 UTC. Cold wallets remain secure and the loss is fully covered by Bitget’s User Protection Fund, which holds over $464 million in assets. Withdrawals are temporarily suspended as a precaution; deposits and trading continue ...