Bitget Reports 350M Crypto Theft

Cryptocurrency exchange Bitget reports the theft of roughly 350 million dollars in digital assets. The incident highlights ongoing security vulnerabilities across the global digital currency industry.

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Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

Hackers stole $2.9 billion in digital assets across nearly 150 separate attacks last year, highlighting persistent security vulnerabilities. The staggering losses come as cryptocurrency platforms face increasingly sophisticated threats from state-backed actors and organized crime syndicates. Protecting decentralized financial infrastructure remains a critical challenge for global investors as illicit transfers surge.

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