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#Stablecoin conversion

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Bitget Crypto Exchange Exploited for $351M as Hacker Swaps Stolen Funds for Ethereum
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Bitget Crypto Exchange Exploited for $351M as Hacker Swaps Stolen Funds for Ethereum

Key Highlights Crypto exchange Bitget confirmed a $351.6 million security breach involving multiple hot wallets Attackers moved stolen assets across chains and converted stablecoins into Ethereum through rapid transactions The breach represents one of the largest exchange hot wallet compromises in recent crypto history Bitget Confirms Major Hot Wallet Security Breach Cryptocurrency exchange Bitget has ...

Bitget Freezes Withdrawals After $351.6M Hack
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Bitget Freezes Withdrawals After $351.6M Hack

Key Highlights Bitget confirmed a $351.6 million exploit from its hot wallets on September 24, 2026, with on-chain data showing the first unauthorized transfer at 18:31:11 UTC and major outflows continuing for nearly three hours before the public notice. The attacker rapidly converted freezable stablecoins (USDT, USDC, Tether Gold) into ether via a router contract, ...