Lookonchain
Bitget was hacked for approximately $351.6 million, and the attacker has swapped most of the stolen funds on EVM chains into 67,982 ETH worth about $183 million.
Why it matters
The conversion concentrates a large portion of the stolen assets in ETH, making the movement of the funds easier to track but raising the stakes for any attempted liquidation or recovery.
Market impact
The incident adds fresh security risk around centralized crypto exchanges and EVM-based assets. The key market signal is whether the attacker continues moving or selling the 67,982 ETH, and whether affected platforms can freeze or recover any funds.
Frequently asked questions
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How much did the Bitget hack involve?
The hack involved approximately $351.6 million in stolen funds.
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How much ETH did the attacker receive?
The attacker swapped funds for 67,982 ETH, valued at about $183 million.
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Which blockchain assets were swapped into ETH?
Most of the stolen funds on EVM-compatible chains were swapped into ETH.
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Why does the ETH conversion matter for markets?
It concentrates a large portion of the stolen assets in ETH, making future transfers or attempted liquidation important to monitor.
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What should traders watch after the Bitget hack?
Traders should watch movements of the 67,982 ETH and any efforts to freeze or recover the stolen funds.
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