Security· ★★★★· bearish·

Bitget had 30 minutes to contain hack before $290 million moved, Hypernative says

  • —Bitget's systems flagged unauthorized transfers at 18:31 UTC on Sept. 24
  • —$87.6 million left hot wallets at 19:01; $202.8 million left warm wallets at 19:16
  • —The two bursts took 24 seconds combined and accounted for about three-quarters of the losses
  • —Attacker-linked transfers continued until 21:23 UTC, nearly three hours after detection
Why it matters: The timeline suggests Bitget could have stopped most of the losses after its first alert, raising questions about CEX incident response.
Source: CryptoSlate