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Crypto Regulation

Bitget Hires Mandiant and SlowMist to Probe Security Incident, Pauses Withdrawals

Bitget CEO Gracy Chen said the exchange is working with independent third-party experts Mandiant and SlowMist on a full investigation into a security incident. Bitget Wallet, a self-custody wallet running on infrastructure fully separate from the exchange, was unaffected, and deposit and trading-reward functions remain operational. Withdrawals are temporarily suspended pending additional security checks and will resume as soon as it is confirmed safe.

Original source

AI take

Bringing in Mandiant and SlowMist signals Bitget is treating this as a serious breach rather than a routine glitch, and the choice of a self-custody wallet architecture as the firewall is the detail that matters most: it limits contagion to the exchange's own custody. The immediate pressure point is the withdrawal pause, since halted redemptions are what turn an incident into a confidence event. Whether the wallet separation holds up under scrutiny, and how quickly withdrawals resume, are the open questions.

Generated by AI for reference only.

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