BGB Token Faces Fresh Pressure Below $1 After Bitget Hack
- —BGB trades below the $2.0–$2.20 resistance zone after peaking near $8.50 in late 2024
- —The Bitget exploit is estimated at $387.5 million, with some figures citing $357 million
- —The hacker is rotating stolen ETH into BTC, according to Lookonchain
- —Bitget has resumed withdrawals in phases and says users will be fully covered
Why it matters: Eroding trust in the exchange weighs on BGB more than technicals; a break below $1.0 could accelerate further downside.
Source: Coinpedia