Bitget Confirms $351M Security Breach, Suspends Withdrawals

The confirmation of a hot-wallet breach at a major exchange, paired with suspended withdrawals, turns a technical incident into a market-wide liquidity question. The distinction between affected hot wallets and untouched cold storage matters, but the real test is whether withdrawals resume before user confidence erodes. Bitget's response speed and transparency will shape how counterparties and regulators read the event, and whether the suspension stays brief is the open question.