Bitget Hacker Loses Nearly $700K After Sending Crypto to Wrong Chains
Hacker Error: A Bitget hacker lost nearly $700K after sending stolen crypto to Chainflip deposit channels on the wrong networks. AMLBot spotted the October 2 transfers: ~267,000 USDC on Ethereum sent to an Arbitrum channel (later blacklisted by Circle) and ~160 ETH moved to Arbitrum then sent to an Ethereum channel. The funds are stranded — cross-chain services use different deposit addresses per network, and blockchain transactions cannot be reversed. The transfers happened seconds apart, suggesting automated software with wrong network settings. This is a small fraction of the $387.5M Bitget hack on September 24. SlowMist and Mandiant are investigating. Read more on CoinRab.
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