Bitget Suspected Hack: $176M in ETH and USDT0 Moved From Wallets

The scale is the story: a nine-figure outflow concentrated in ETH and USDT0, routed to one address, points to a coordinated drain rather than isolated key compromise. That Bitget has stayed silent matters as much as the transfers — exchanges typically confirm or deny quickly when funds are already visibly moving on-chain. The absence of Bitcoin from the suspected hack narrows the picture to Ethereum-based holdings and stablecoin rails. Whether the exchange acknowledges the transfers, and whether the receiving address is frozen or traced, is the open question.